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The CEO is keeping his word to shareholders
That is GOOD IMO. read back to the March 14th Press Release. The CEO said we would get updates, COMMUNICATION. We got a PR yesterday and today. Things are moving forward.
IMO the CEO has a plan and the plan is starting to unfold into a positive for we shareholders.
*************************************************************
From this mornings PR, what exactly does this part mean?
"....also the definitive time line for acquisition has been agreed upon for the U.S. acquisition target....
CEO kept his word, that is Good.
I see positive things developing.
Tuesday, March 27 2007 11:01 AM, GMT-05:00
--------------------------------------------------------------------------------
AuGRID Shareholder Update
PrimeZone "PrimeZone "
VINELAND, N.J., March 27, 2007 (PRIME NEWSWIRE) -- AuGRID Global Holdings Corp. (Pink Sheets:AGHD) previously announced that it has undergone a 1-for-30 reverse split and cancelled 2.8 billion shares, which reduced the total number of shares outstanding to 395,140,000. This is the most recent development in the Company's' continuing effort to completely reorganize both its capital structure and its business operations.
"We believe that we are putting forth the most logical and intelligent plan to move our Company forward," stated CEO M.J. Shaheed. "Like many micro-cap companies, our corporate developments are often overlooked. However, I can assure our shareholders that we have been working diligently towards completing three important acquisitions and I am pleased to report that we are well on the way to building a viable company and increasing shareholder value. Furthermore, the recent increased trading activity in our shares is an indication to me that our shareholders continue to believe that we will, in fact, execute our business plan."
In addition to its 100% ownership in Optipure Corp., AGHD's goal is to attain a minimum 51% interest in each of the following acquisition targets: a hotel located in Beijing, China; a meat processing plant in the U.S.; and a shoe manufacturer, also located in Hong Kong, China, giving the Company a well-rounded, diverse range of assets.
Jagged Peak, Inc., a leading provider of real-time, Web-based demand execution services and solutions, is under contract to handle fulfillment and logistics associated with AuGRID's consumer electronics products. AGHD has received assurance from Jagged Peak that secure warehouse space has been reserved and when the Plasma and LCD products arrive at the Jagged Peak facility, each unit will be tested and repackaged prior to shipment to the consumer.
About AuGRID Global Holdings Corporation
AuGRID Global Holdings Corporation is a holding company that seeks to increase its asset base and shareholder value through the acquisition of private companies in diverse industries that have proven revenue generation abilities, defensible business plans, and a product or service to which its target market has demonstrated receptiveness.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which AuGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AuGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AuGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AuGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: AuGRID Global Holdings Corp.
(856) 205-0856
The chnw CEO is working dilligently!
Soon we will move IMO. Nowhere to go but up.
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces April 16th, 2007 Closing Date on Acquisition of Global Holdings, Inc. (
Date : 27/03/2007
Time : 07:03
Source : PR Newswire
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces April 16th, 2007 Closing Date on Acquisition of Global Holdings, Inc. (
LAS VEGAS, March 27 /PRNewswire-FirstCall/ -- Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) http://www.cashnow.com/ is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low-cost online Introductory Broker (IB) Forex trading system.
As previously announced on March 6th, 2007, the Company has satisfactorily resolved all of the issues related to its acquisition of Global and is pleased to announce that the deal will officially close on April 16th, 2007, in an all-cash transaction.
In the interim, Global founder Jack Chang, the principal developer of all of Global's products and services, will continue to work for Esprit heading up the Company's Electronic Funds Payment division, and is actively pursuing sales opportunities on behalf of the Company. Many of these opportunities relate to potential clients who have already expressed interest in Global Products. With the backing and support of Cash Now, these can now be pursued and brought to fruition.
Mr. Chang has developed an extensive number of products and service packages since he founded Global in 2002. Importantly, the new division adds four new product offerings to Cash that are at the cutting edge of consumer banking services.
- U.S. Prepaid Debit Cards - International Prepaid Debit Cards - EM2 - Electronic Money Management System which is a comprehensive e- wallet that can manage multiple bank accounts, remit funds worldwide and provide banking capabilities to consumers who do not actually have a bank account.
- Check 21 - advanced checking service that can significantly reduce holdback periods by banking institutions in clearing checks.
Global has also developed or is in the process of developing a number of additional products related to wireless mobile commerce and a variety of loyalty programs and discount services programs built around its prepaid debit and EM2 product platforms.
Significantly, Esprit has an agreement in principle to spin-off Global to a Texas-based Company after the initial acquisition. Esprit will retain a 25% interest in Global upon completion of the sale. Esprit will also retain exclusive licensing rights for the four core products relevant to its operations. It is anticipated that this second transaction will take place within 30 days of closing the Global acquisition, and will provide significant additional funding to Esprit upon closing.
Garr Winters, Esprit CEO explains; "It is not very often that you get a chance in business to have your cake and eat it, too. We have negotiated a very favorable purchase price for Global, and an even better deal to spin it off to another company at significant profit. We will end up with exclusive licensing rights for the core products which were of interest to us, and vend off the remaining assets and corporate shell to a third party at a healthy profit. The net proceeds of that sale will be used to pursue the acquisition of the OTCBB Company we have identified."
Winters added, that "The intangible factor in all this is the tremendous goodwill that Jack Chang brings to Esprit. Mr. Chang is the developer and patent co-holder of the ATM (Automated Teller Machine) and participated in the earliest development and use of magnetic stripe based data on plastic cards, as well as being a pioneer in electronic funds transfer. He has provided services to such prestigious companies as Citibank, Coca-Cola Enterprises, American Express, Sears, Visa, EDS, and NationsBank/Bank of America. His network within the banking industry is invaluable, his reputation impeccable. With the resources of Esprit behind him, we will be able to do some incredible things together."
Winters concluded; "There's an awful lot of meat to digest here. We will be issuing a more complete backgrounder on these corporate developments by mid-April, with another update from myself and our division heads similar to our February 9th recap earlier this year."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
DATASOURCE: Esprit Financial Group Inc.
CONTACT: Esprit Financial Group Inc., Tel: 1-888-224-9641,
Repost for new investors AGHD opinion.
Posted by: herbalife13
In reply to: None Date:3/21/2007 7:29:56 PM
Post #of 20178
AGHD in my opinion
First I have owned AGHD for quite some time. I read the posts here and do my own DD to acquire information that I think is important. The info I have gathered tells me that
We AGHD sharehoders are in for a pleasent positive surprise.
If you read the past PR's you will see China mentioned. IMO this deal is huge and is done. This is the BIGGIE IMO.
I also think there are other aquisistions are in place and Managemt is on schedule with it goals to build a viable revenue producing Business . I beleive the CEO has been silent for a reason but that will soon change. It took alot of time for Management to get to the point where the Company is now and about to go.
The listed A/S are there for a reason, to grow the Company. The Company shares are now liquid so your able to trade the shares if you want to. Not like a few days ago.
As for me I am hanging on. Why?
The Company IMO is on the verge of announceing something real big.
This could happen any day.
The Company is focusing on building revenues and soon. Their business Plan is working IMO and business is good.
Communication with shareholders will improve as stated in the March 14,2007 PR.
A higher exchange IMO will happen, in what time frame I do not know.
We will soon have a very good idea on what Managemt is and has accomplished, thats why I am holding my shares.
calitrader Reverse Merger Very Possible.
As we know the CEO is working on something which i think is real big. IMO the China connection is huge and a done deal IMO.
I beleive a R/M has been looked into by AGHD.
Posted by: calitrader
In reply to: None Date:3/26/2007 9:33:30 PM
Post #of 20173
A MUST READ: Info on Reverse mergers, could we possibly be on step 3 or 4? I know its near 60-90 days since NOV 6 pr and these things aren't perfect just an estimate. Plus throw a surgery in there too.
found this on ihub
http://www.investorshub.com/boards/read_msg.asp?message_id=14230505
The Four Key Steps to a Successful Reverse Merger
While there are numerous steps involved in successfully completing a "Reverse Merger" the process can be broken into four key steps. Stag Financial Group has the experience and expertise to guide you and your company through this complex process as quickly and efficiently as possible (usually 60 - 90 days). To give you an idea of what to expect during the reverse merger process, Stag Financial will guide you through the four key steps to a successful reverse merger.
Step One - Review Client Goals and Capital Structure (AGHD been there done that already)
Before even identifying a suitable public shell to conduct a reverse merger, Stag Financial's professionals will work with the client company's management to identify their short-term and long-term objectives and how they relate to the client's desire to "go public." This is probably the most important step of the reverse merger process.
During this step Stag Financial will review several aspects of the client's company and how they relate to the client's goals. In this step Stag Financial will help the client identify and resolve individual issues that may have an impact on how the reverse merger will be accepted in the financial marketplace. Stag Financial will also help develop a proper capital structure engineered to facilitate the client's goals, including future fund raising activities, acquisition prospects, stock options and warrants, employee stock ownership programs (ESOPs), stock management issues, and so forth.
Without a strategic plan the reverse merger will inevitably fail at some point in the future.
Step Two - Identify a Suitable Public Shell (AGHD switch to AUGRID GLOBAL and symbol change)
Depending on the client's goals, strategies and budget, Stag Financial will help select an appropriate public shell vehicle. There are numerous types of public shells available. Some are trading, some are not trading. Some report to the Securities and Exchange Commission while others remain non-reporting. Some even have cash on hand and are looking for just the right private operating company to conduct a reverse merger.
It is important to note that Stag Financial acts as a principal in its reverse merger transactions. This insures the client is purchasing only the cleanest and most viable of public shell vehicles.
Step Three - Prepare and File All Required Documents (is this in the works?)
First and foremost, unless the client wishes to reverse merge into a non-reporting public shell such as a NQB Pink Sheet shell company, then the client will need to obtain a proper audit conducted by a licensed public accounting firm. Stag Financial is affiliated with several such firms and can assist with the preparation of a proper audit if the client has not recently undergone such an audit process.
Aside from the mandated public audit, conducting a reverse merger requires a number of legal documents, Board of Director 9b]resolutions, and state and federal corporate and securities filings. Stag Financial and its affiliated legal firms will help the client prepare and file all of the necessary paperwork to complete the reverse merger process.
Step Four - Become a Public Entity
Once all of the required legal documents have been executed, filed and seen through to completion, the client will successfully have taken over the public shell vehicle and transitioned itself into a publicly traded corporation.
Reverse Merger Rumor
Read the March 14 2007 PR anything can happen including a RM. China Reverse Merger would be great IMO.
Long Leg Cal
Lets move this we are looking good.
Tel: 856 205 0856 Thats the number
It worked for me.
Another exchange coming our way
http://ih.advfn.com/p.php?pid=forexarticle&cb=1174930127&article=19958434
Title : Esprit Financial Group Inc. (Esprit) (CHNW.PK) Identifies Candidate OTCBB Company for Merger or Acquisition
Date : 26/03/2007
Time : 08:03
Source : PR Newswire
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Identifies Candidate OTCBB Company for Merger or Acquisition
Las Vegas, NV, March 26 /PRNewswire-FirstCall/ -- Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) http://www.cashnow.com/ is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system, and has recently acquired leading edge electronic funds transfer (EFT) products that include domestic and international prepaid debit and Visa/MasterCard branded cards, as well as on online EFT capabilities under the EM2 brand name.
As previously announced on March 19th, 2007, the Company has retained a financial consultancy to identify opportunities to move up to the OTCBB. Today, Esprit is pleased to announce that a suitable company has been identified. This is an existing operating OTCBB company that is currently trading and is current on all of its filings. Moreover it has certain assets that may benefit Esprit in its business activities moving forward. Esprit will be conducting a due diligence process over the next few weeks prior to making a formal offer, which is planned to be on an all-cash basis.
The OTC Bulletin Board is a regulated quotation service in the United States, owned by the NASD, for stocks which are not listed on one of the major U.S. stock exchanges. It displays real-time quotes, last-sale prices and volume information in over-the-counter (OTC) equity securities. The OTC Bulletin board is home only to fully reporting companies. This factor ensures that the OTCBB a much safer place to trade for small investors in small and micro-cap companies.
Garr Winters, Esprit CEO explains: "As previously mentioned, the key objectives are to maximize shareholder value, and work in a more regulated environment in order to limit stock manipulation by short-sellers. As a fully reporting Company, there will be less room for distortion and speculation regarding corporate activities."
Winters added: "We feel the timing is right to move up to the OTCBB. We are building a very sound foundation for Internet delivered financial services and related activities. Our new operating divisions demonstrate exciting potential growth opportunities. We need to be able to scale up operations quickly, as these new and potentially very significant revenue streams come online in the near term."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
DATASOURCE: Esprit Financial Group Inc.
CONTACT: Esprit Financial Group Inc., Tel: 1-888-224-9641,
Give the Company till Weds then
Then we all call twice a day if need be. I will, count on that.
Phone call survey to AGHD The Company.
Who here has called the Company and voiced their concerns.
I did along with another poster I know. Lets start a list on who called and if they got a response back. Feel free to add your name.
If i do not hear something positive by Weds from the Company I will be calling twice a day, I invite others to join me. Lets start a push and stick togeather on this.
Herbalife called three times, one positive response back from Company.
Bigdogs called three times, no resposes back yet.
OT Crooks read how they operate
And where is Congress and the rest of our Goverment Agencies?
Living in Cramerica
by Mark Faulk
(Editor’s note: All Mad Money sound effects in this article are for entertainment purposes only, and not in any way a recommendation to do bodily harm to Jim Cramer. He’ll get his in the end.)
Jim Cramer, sole ruler and psycho-king of Cramerica, is losing his (King) Midas touch. For the past two years, he has been ranting like a crack-crazed king on CNBC’s Mad Money, a caricature so grotesque and absurd that, like a gruesome car wreck, America couldn’t help but stop and stare. (Cue Mad Money sound effect of a car wrecking.) Cramer is enough of an attention-starved sociopath that he mistook the freakshow curiousity element for real affection. Just as he can’t seem to discern the difference between right and wrong, or truth and lies, he seems to think that any attention is good attention.
Sometimes I feel sorry for him, other times I want to (as I’ve said a million times on my radio show), see him hauled off ranting and raving in handcuffs, screaming “booyah!!” as the lights go off on the set of Mad Money, (Okay, like Jim Cramer on the Imus in the Morning Show the other day, I lied…I never for a moment felt sorry for him.)
What’s really interesting about all the recent furor over Cramer’s admission that he is either a crook or a liar (or both), is why the same people and publications who came to his defense when he thumbed his nose at the SEC by writing “BULL!!!” in giant letters across a SEC-issued subpoena are suddenly throwing his bald head under the bus. Anyone who reads faulkingtruth.com investigatethesec.com or thesanitycheck.com knows that all three of those publications have been exposing Cramer for the lowlife crook that he is for months, if not years.
So why now? Did every mainstream newspaper in America suddenly wake up one day and collectively think to themselves “Hey, maybe those guys are right, maybe this Cramer character isn’t the Mother Teresa of stock picking that we’ve been portraying him as”? Or, as is usually the case, are they just following orders and assassinating a foot soldier who marched just a little too far outside the ranks?
(Cue Mad Money sound effect of a firing squad.)
Why have Cramer’s comments on the YouTube.com clip of an interview he did on TheStreet.com over three months suddenly come back to haunt him, especially since he’s been saying essentially the same thing in one way or another for years? And why does CNBC suddenly appear to be driving the bus that every reporter in America is throwing him under?
(Cue Mad Money sound effect of truck beeping as it backs up…over Jim Cramer’s writhing body.)
Seriously, this is the network that in the space of two years has transformed itself from a seemingly respected financial network into the Pimp My Stock Network. They backed him when he defaced a subpoena from the regulatory branch that oversees the financial markets, and in fact milked it for every ratings point they could squeeze out of it. They didn’t even blink when he had this to say on their own network several weeks ago:
“I just want to put people in the heads of hedge fund managers for a second. When I was short, in other words when I had lots of money bet against the market, it was really imperative to come in. Not in groups because you don’t want to foment a bear because that’s a violation of the ‘34 act, but you want to be able to come in at a particular moment and hit every single index hard in order to crack it.”
In the next breath he explained how it is done…remember, this was on CNBC, not the YouTube.com video that has caused all the uproar of the past few days:
“When you’re a bear you try to knock everything down, you try to panic people, you pick up the phone and you say that ‘blah, blah, blah, Star is going out of business this weekend and blah, blah, blah Mac is filing bankruptcy.’ It’s very easy to spread those rumors. Is it illegal? When your firm is on the line you tend to do questionable things.”
(Cue Mad Money tape of Cramer yelling “Don’t buy! Don’t Buy!, his line from his cameo in the TV series “Arrested Development”)
Incredibly, the current concern at CNBC over Cramer’s remarks isn’t even because he said, after describing in TheStreet.com interview how he would that “commit $5 million in capital” and drive down the price of a stock, that manipulating stocks is “a fun game, and it’s a lucrative game.” Cramer’s job isn’t at risk because he encouraged “anyone who’s in a hedge fund to do it” as a “very quick way to make money, and very satisfying,” nor is it because he referred to the retail investors as “moron longs” and said that “you can’t create yourself an impression that a stock’s down, but you do it anyway because the SEC doesn’t understand it.”
Maybe it was because Cramer described in detail how he personally would manipulate stocks when he ran his own hedge fund:
“What I used to do was called…if I wanted it to go higher I would take and bid, take and bid, take and bid, and if I wanted it to go lower, I’d hit an offer, hit an offer, hit an offer, and I could get a stock like RIMM for maybe…that might cost me a fifteen or twenty million ante…to knock RIMM down, but it would be fabulous because it would beleaguer all the moron longs who were all so keen on Research in Motion.”
(Note to Research in Motion: Meet with attorneys about suing Jim Cramer, TheStreet.com, and Cramer Berkowitz hedge fund first thing next week.)
No, the reason Cramer’s head is on the chopping block at CNBC is because he insulted CNBC reporter Bob Pisani by saying he would “contact the Pisanis of the world” and then “talk to the morons at the “Wall Street) Journal” and get them to trash Research in Motion.
(Cue Mad Money sound effect of guillotine blade falling…on Cramer’s neck.)
On the “Imus in the Morning” show on Thursday, March 22, Cramer said that he was lying when he said he broke the law, presumably because lying doesn’t carry a prison sentence.
“Yeah, you know I think I gotta take a page from you. I gotta either shut up, or get better at telling what I did, or didn’t do, and I did not do a good job in distinguishing the two in that interview. I would point out that what I was saying was ‘Look, I gotta show you the scams that other people are doing, I gotta show you the way Wall Street really works, It’s what I’ve been doing…it’s nothing new from ‘Confessions of a Street Addict,’ my first book, but I didn’t say it right, I gotta get better at saying it. I did not do the stuff, but I didn’t say it right.”
But the real question remains: Why now? The obvious answer is that Cramer has suddenly become too much of a loose cannon, exposing secrets that were supposed to remain within the Circle of Greed. The Faulking Truth has been writing about the connection between the major financial media outlets for well over a year, and put it this way when the same people who are burying Cramer now were praising him a year ago when he was laughing in the face of the SEC while defacing his subpoena:
Dow Jones owns MarketWatch, Dow Jones owns Barron’s, Dow Jones even owns…The Wall Street Journal. And that isn’t all. Dow Jones also owns Factiva, a web-based business venture, in a “joint venture” with…Reuters. And, Dow Jones owns half of CNBC Asia and CNBC Europe in a joint venture with…NBC. And just for fun, they also own Smart Money Magazine in a joint venture with the Hearst Corporation. Throw in the Greenberg and Cramer ties to TheStreet.com and you’ve pretty much covered your bases.
So, in summary: Dow Jones either owns or is connected to MarketWatch, Barron’s, The Wall Street Journal, Reuter’s, NBC, CNBC, Smart Money Magazine, and its reporters have strong ties to TheStreet.com. Oh yeah, they also own 34 weekly or daily newspapers scattered across the U.S.
Therein lies the key to the Cramer’s execution by the financial press. As always, the ganging up effect is no more a coincidence than the blantant manipulation of our financial markets. Throw in the fact the FOX news is launching their own business channel that will be in direct competition to CNBC, and you have all kinds of potential reasons for the precipitous fall of Cramerica. Whatever the reason, this entire fiasco appears to be a bit too orchestrated, a little too cut and dried. This reporter won’t be sorry to see Cramer shot down from his pedestal at CNBC, but it’s clear that he’s nothing more than the court jester in this kingdom.
As satisfying as it was to watch him writhe in nervousness on the Imus Show, knowing that while he might indeed be more important than the spineless SEC, but that he was merely a pawn in the overall scheme to squeeze every penny out of America, it’s more important than ever to focus on the big picture. As for Jim Cramer, maybe we’ll get to see him hauled off in handcuffs on national TV after all. We can only hope.
And that, as always, is the Faulking Truth.
(Cue Mad Money sound effect of Jim Cramer’s career being flushed down the toilet.)
OT Crooks read how they operate
And where is Congress and the rest of our Goverment Agencies?
Living in Cramerica
by Mark Faulk
(Editor’s note: All Mad Money sound effects in this article are for entertainment purposes only, and not in any way a recommendation to do bodily harm to Jim Cramer. He’ll get his in the end.)
Jim Cramer, sole ruler and psycho-king of Cramerica, is losing his (King) Midas touch. For the past two years, he has been ranting like a crack-crazed king on CNBC’s Mad Money, a caricature so grotesque and absurd that, like a gruesome car wreck, America couldn’t help but stop and stare. (Cue Mad Money sound effect of a car wrecking.) Cramer is enough of an attention-starved sociopath that he mistook the freakshow curiousity element for real affection. Just as he can’t seem to discern the difference between right and wrong, or truth and lies, he seems to think that any attention is good attention.
Sometimes I feel sorry for him, other times I want to (as I’ve said a million times on my radio show), see him hauled off ranting and raving in handcuffs, screaming “booyah!!” as the lights go off on the set of Mad Money, (Okay, like Jim Cramer on the Imus in the Morning Show the other day, I lied…I never for a moment felt sorry for him.)
What’s really interesting about all the recent furor over Cramer’s admission that he is either a crook or a liar (or both), is why the same people and publications who came to his defense when he thumbed his nose at the SEC by writing “BULL!!!” in giant letters across a SEC-issued subpoena are suddenly throwing his bald head under the bus. Anyone who reads faulkingtruth.com investigatethesec.com or thesanitycheck.com knows that all three of those publications have been exposing Cramer for the lowlife crook that he is for months, if not years.
So why now? Did every mainstream newspaper in America suddenly wake up one day and collectively think to themselves “Hey, maybe those guys are right, maybe this Cramer character isn’t the Mother Teresa of stock picking that we’ve been portraying him as”? Or, as is usually the case, are they just following orders and assassinating a foot soldier who marched just a little too far outside the ranks?
(Cue Mad Money sound effect of a firing squad.)
Why have Cramer’s comments on the YouTube.com clip of an interview he did on TheStreet.com over three months suddenly come back to haunt him, especially since he’s been saying essentially the same thing in one way or another for years? And why does CNBC suddenly appear to be driving the bus that every reporter in America is throwing him under?
(Cue Mad Money sound effect of truck beeping as it backs up…over Jim Cramer’s writhing body.)
Seriously, this is the network that in the space of two years has transformed itself from a seemingly respected financial network into the Pimp My Stock Network. They backed him when he defaced a subpoena from the regulatory branch that oversees the financial markets, and in fact milked it for every ratings point they could squeeze out of it. They didn’t even blink when he had this to say on their own network several weeks ago:
“I just want to put people in the heads of hedge fund managers for a second. When I was short, in other words when I had lots of money bet against the market, it was really imperative to come in. Not in groups because you don’t want to foment a bear because that’s a violation of the ‘34 act, but you want to be able to come in at a particular moment and hit every single index hard in order to crack it.”
In the next breath he explained how it is done…remember, this was on CNBC, not the YouTube.com video that has caused all the uproar of the past few days:
“When you’re a bear you try to knock everything down, you try to panic people, you pick up the phone and you say that ‘blah, blah, blah, Star is going out of business this weekend and blah, blah, blah Mac is filing bankruptcy.’ It’s very easy to spread those rumors. Is it illegal? When your firm is on the line you tend to do questionable things.”
(Cue Mad Money tape of Cramer yelling “Don’t buy! Don’t Buy!, his line from his cameo in the TV series “Arrested Development”)
Incredibly, the current concern at CNBC over Cramer’s remarks isn’t even because he said, after describing in TheStreet.com interview how he would that “commit $5 million in capital” and drive down the price of a stock, that manipulating stocks is “a fun game, and it’s a lucrative game.” Cramer’s job isn’t at risk because he encouraged “anyone who’s in a hedge fund to do it” as a “very quick way to make money, and very satisfying,” nor is it because he referred to the retail investors as “moron longs” and said that “you can’t create yourself an impression that a stock’s down, but you do it anyway because the SEC doesn’t understand it.”
Maybe it was because Cramer described in detail how he personally would manipulate stocks when he ran his own hedge fund:
“What I used to do was called…if I wanted it to go higher I would take and bid, take and bid, take and bid, and if I wanted it to go lower, I’d hit an offer, hit an offer, hit an offer, and I could get a stock like RIMM for maybe…that might cost me a fifteen or twenty million ante…to knock RIMM down, but it would be fabulous because it would beleaguer all the moron longs who were all so keen on Research in Motion.”
(Note to Research in Motion: Meet with attorneys about suing Jim Cramer, TheStreet.com, and Cramer Berkowitz hedge fund first thing next week.)
No, the reason Cramer’s head is on the chopping block at CNBC is because he insulted CNBC reporter Bob Pisani by saying he would “contact the Pisanis of the world” and then “talk to the morons at the “Wall Street) Journal” and get them to trash Research in Motion.
(Cue Mad Money sound effect of guillotine blade falling…on Cramer’s neck.)
On the “Imus in the Morning” show on Thursday, March 22, Cramer said that he was lying when he said he broke the law, presumably because lying doesn’t carry a prison sentence.
“Yeah, you know I think I gotta take a page from you. I gotta either shut up, or get better at telling what I did, or didn’t do, and I did not do a good job in distinguishing the two in that interview. I would point out that what I was saying was ‘Look, I gotta show you the scams that other people are doing, I gotta show you the way Wall Street really works, It’s what I’ve been doing…it’s nothing new from ‘Confessions of a Street Addict,’ my first book, but I didn’t say it right, I gotta get better at saying it. I did not do the stuff, but I didn’t say it right.”
But the real question remains: Why now? The obvious answer is that Cramer has suddenly become too much of a loose cannon, exposing secrets that were supposed to remain within the Circle of Greed. The Faulking Truth has been writing about the connection between the major financial media outlets for well over a year, and put it this way when the same people who are burying Cramer now were praising him a year ago when he was laughing in the face of the SEC while defacing his subpoena:
Dow Jones owns MarketWatch, Dow Jones owns Barron’s, Dow Jones even owns…The Wall Street Journal. And that isn’t all. Dow Jones also owns Factiva, a web-based business venture, in a “joint venture” with…Reuters. And, Dow Jones owns half of CNBC Asia and CNBC Europe in a joint venture with…NBC. And just for fun, they also own Smart Money Magazine in a joint venture with the Hearst Corporation. Throw in the Greenberg and Cramer ties to TheStreet.com and you’ve pretty much covered your bases.
So, in summary: Dow Jones either owns or is connected to MarketWatch, Barron’s, The Wall Street Journal, Reuter’s, NBC, CNBC, Smart Money Magazine, and its reporters have strong ties to TheStreet.com. Oh yeah, they also own 34 weekly or daily newspapers scattered across the U.S.
Therein lies the key to the Cramer’s execution by the financial press. As always, the ganging up effect is no more a coincidence than the blantant manipulation of our financial markets. Throw in the fact the FOX news is launching their own business channel that will be in direct competition to CNBC, and you have all kinds of potential reasons for the precipitous fall of Cramerica. Whatever the reason, this entire fiasco appears to be a bit too orchestrated, a little too cut and dried. This reporter won’t be sorry to see Cramer shot down from his pedestal at CNBC, but it’s clear that he’s nothing more than the court jester in this kingdom.
As satisfying as it was to watch him writhe in nervousness on the Imus Show, knowing that while he might indeed be more important than the spineless SEC, but that he was merely a pawn in the overall scheme to squeeze every penny out of America, it’s more important than ever to focus on the big picture. As for Jim Cramer, maybe we’ll get to see him hauled off in handcuffs on national TV after all. We can only hope.
And that, as always, is the Faulking Truth.
(Cue Mad Money sound effect of Jim Cramer’s career being flushed down the toilet.)
calitrader agree 100% call the Company NOW!
For those of you who do not call and voice your concerns stop your whining. If you call good for you we need more phone calls to the Company and NOW is a GOOD time IMO.
*********************************************************
The reality is if you bought at .0004 5 mil shares originally worth $2,000 is now worth $150
I thought i got a deal before at .0001 I had 60mil worth 6000 now after split its worth 1839.00.
And this Joke of a CEO is not returning my email or phone calls.
This company is not a charity. I will not put another dime in this pos. I am not here to support some old derelict. If this guy gets off his ass and makes some noise i would give him some respect but so far he is either a pussy or just to retarded to get anything done. As you can see he is just standing by while shareholders are getting eaten alive by shorts.
So much for the weekly report that never happened this week. Did any of you really think this guy would follow up? He never has in the past why would he now.
I am just getting warmed up this week. By the end of next week I will be starting to get angry. When I get angry I make things happen its how I channel my frustration. If your stuck in this pos you should be calling and email this company too. We need to put pressure on this idiot to get something done.
GSSSMITH IMO
I am not happy by any means. I suggest you contact the Company and voice your concerns. IMO we move up from here.
IMO news shortly and time to buy
EOM
moneynmetals good idea.
Someone could put all the Facts togeather because the SEC would want Facts not opinions. I am sure a lot of posters here would sign it.
Here are a Couple of links
NASD This you use to Complain about trading issues with MM's and such.
http://www.nasd.com/index.htm
SEC Complaint Link
http://www.sec.gov/complaint/selectconduct.shtml
SEC E-mail to ask Questions if you want to. The SEC has a special section for complaints on Market makers with a phone number to call. I misplaced it somewhere.
enforcement@sec.gov
JGygli and others read please
Click on the link at the end it will show you a letter to send to the two congressman I contacted. It can't hurt IMO. The more Noise the better.
http://www.faulkingtruth.com/Articles/BlogFest/1086.html
Promises, Promises….Take a Letter!!
By Mark Faulk
March 19, 2007
This is a letter that we're asking everyone in America to send to
Senate Banking Committee Chairman Chris Dodd and House Finance Committee
Chairman Barny Frank. Read it, send it to both of them, and PASS IT
ON!!!! In a couple of days, I'll be asking you to contact legislators in
Oklahoma to help us pass a bill there (expecially if you happen to be
from Oklahoma). I know, I know, it's spring break and this is like
homework, but most of us are grown-ups, so get over it.
I'll open with a blog I started to write last week, before Dave Patch
beat me to the punch. So I'll just post the lonely paragraph I wrote as
commentary, follow with the comments of SEC Chairman Chris Cox, and
post the letter at the bottom. Believe me, once you read Cox's comments,
you'll want to help us spread the word.
Promises, Promises….Cox Pledges Action on “Abusive naked short selling”
Who says that public pressure doesn’t work? After years of the SEC
first denying the very existence of naked short selling (also known as
fails to deliver, or more to the point, stock counterfeiting), then saying
that it was a minor problem, then promising that Reg SHO would solve
the minor problem that didn’t exist, SEC Chairman Chris Cox today said
that current measures have proven "insufficient to stop the problem" and
that "that people victimized by it have a great deal of right on their
side" in their complaints about abusive naked short selling.
To read the rest of this article, and to copy the letter to send to
Sen. Dodd and Rep. Frank, go to:
http://www.faulkingtruth.com/Articles/BlogFest/1086.html
moneynmetals to your Question
I think it is a positive step by the company and will help the SP IMO. I received the same e-mail you did but I chose not to post things I learn from the Company even if the Company said it is OK to do so.
MY reason is I beleive the MM's read these boards and I do not want to help them in any way in finding out information ahead of time.
Now if someone PM's me I will tell them straight out what I have learned as long as I recognize them as a true long in CHNW.
. Companies have to take a stand against this corruption. Even we investors have to make noise. Every voice should be heard. I wrote two senators in the Banking Commision. Dodd from CT and Franks from Mass and I expressed myself thoroughly on my concerns on the Corruption taking place in the markets.
Of course you will get posters who say it will do no good. Wrong IMO. Now corruption is being noticed and finally you are seeing some signs that the upper tier people in Goverment are starting to listen.
So make noise and if you do not don't cry and complain get involved.
CHNW has a great managemnt team and I am sure they appreciate help and complaints from we shareholders to the appropiate parties.
In my view
The Company management has had it with the Corrupt MM's. Let the fireworks begin. All IMO.
She's wealthy and Famous LOL
We should have her doing Public Relations between us and the Company.
Since MJ took all my money I just have a few cigars left. So I got into the yellow pages and looked up Lewinsky we made a deal for the time being. She is not bad with a bag over her head she reminds me of my ex lol
Just bought more
Don't be fooled by the MM tricks. You all read my post from yesterday and my feelings on AGHD. We will own the Float. Hang on accumulate and get ready IMO.
AGHD in my opinion
First I have owned AGHD for quite some time. I read the posts here and do my own DD to acquire information that I think is important. The info I have gathered tells me that
We AGHD sharehoders are in for a pleasent positive surprise.
If you read the past PR's you will see China mentioned. IMO this deal is huge and is done. This is the BIGGIE IMO.
I also think there are other aquisistions are in place and Managemt is on schedule with it goals to build a viable revenue producing Business . I beleive the CEO has been silent for a reason but that will soon change. It took alot of time for Management to get to the point where the Company is now and about to go.
The listed A/S are there for a reason, to grow the Company. The Company shares are now liquid so your able to trade the shares if you want to. Not like a few days ago.
As for me I am hanging on. Why?
The Company IMO is on the verge of announceing something real big.
This could happen any day.
The Company is focusing on building revenues and soon. Their business Plan is working IMO and business is good.
Communication with shareholders will improve as stated in the March 14,2007 PR.
A higher exchange IMO will happen, in what time frame I do not know.
We will soon have a very good idea on what Managemt is and has accomplished, thats why I am holding my shares.
AGHD in my opinion
First I have owned AGHD for quite some time. I read the posts here and do my own DD to acquire information that I think is important. The info I have gathered tells me that
We AGHD sharehoders are in for a pleasent positive surprise.
If you read the past PR's you will see China mentioned. IMO this deal is huge and is done. This is the BIGGIE IMO.
I also think there are other aquisistions are in place and Managemt is on schedule with it goals to build a viable revenue producing Business . I beleive the CEO has been silent for a reason but that will soon change. It took alot of time for Management to get to the point where the Company is now and about to go.
The listed A/S are there for a reason, to grow the Company. The Company shares are now liquid so your able to trade the shares if you want to. Not like a few days ago.
As for me I am hanging on. Why?
The Company IMO is on the verge of announceing something real big.
This could happen any day.
The Company is focusing on building revenues and soon. Their business Plan is working IMO and business is good.
Communication with shareholders will improve as stated in the March 14,2007 PR.
A higher exchange IMO will happen, in what time frame I do not know.
We will soon have a very good idea on what Managemt is and has accomplished, thats why I am holding my shares.
OT This is what is going on
This one paragragh says it all
But small public companies and their shareholders are facing a severe problem, and they are looking to the Securities & Exchange Commission, the Justice Department, and the F.B.I. to help them get urgently needed relief. The problem is that short selling is being intentionally combined with fraudulent stock manipulation to destroy the value that small American businesses in the capital markets work so hard to achieve. The points contained in this position paper have tremendous merit for all small public companies but it must be pointed out that it was written with a bias because our company, Circle Group Holdings, has been under constant attack from a well-organized group of criminals for over a year and a half. Our management team and employees, who are all owners of the company’s stock, are tenacious, tough minded, fighters of injustice, with multi-faceted business experience and backgrounds in martial arts. Thanks to our intestinal fortitude learned from these backgrounds, we have survived the attacks, and fully expect to survive any additional attacks. From early 2004, until the present, Circle Group has successfully battled its attackers by getting several public web sites and chat boards to remove malicious phony content, getting a protective court order and winning motions on cutting edge Internet jurisdiction issues. We found out through this experience that one of our attackers is now a defendant in other securities matters and is currently being prosecuted by the SEC for another unrelated stock fraud. Tragically, many other small public companies have gone out of business. Still more will not survive the attacks or mount any serious defense against the perpetrators who work in hiding, often live and/or operate off shore, have completely phony identities and are cloaked by the anonymity of the Internet.
Read this. Economic terrorists should be shot IMO...
Advanced Small Business Alliance (ABSA) Position Paper
SHORT SELLING COMBINED WITH FRAUDULENT STOCK MANIPULATION
Submitted by Gregory J. Halpern – CEO, Circle Group Holdings, Inc.
Mr. Halpern is the Director of the Midwest Regional Chapter for the CEO Council
August 12, 2005
Small Business Hurdles
The millions of small business professionals that own and operate small companies in this country produce a majority of America's private gross domestic product, most of the taxable revenue to the treasury, and most of the new jobs every year. Between 1990 and 1995 they created 76 percent of America's new jobs. In 1998 alone, this sector created 31 million new jobs in nearly 900,000 new companies. And this trend is expected to continue. A crucial component of our domestic economic engine is the ability to create funding through access to the capital markets. Everyone who owns or runs a publicly traded small business knows the hurdles that they must overcome in order to make their business successful, including obtaining funding, completing all of the regulatory filings, competing for market share, and compliance with Sarbanes-Oxley with the outrageous cost burden it imposes, to name a few. Small public companies, and many others with the goal to get to the capital markets accept all of this, plus long hours, late nights, and weekends as what it takes to grow their business, improve the world with their products and services, and create wealth for themselves, their employees, their shareholders and the economy.
But small public companies and their shareholders are facing a severe problem, and they are looking to the Securities & Exchange Commission, the Justice Department, and the F.B.I. to help them get urgently needed relief. The problem is that short selling is being intentionally combined with fraudulent stock manipulation to destroy the value that small American businesses in the capital markets work so hard to achieve. The points contained in this position paper have tremendous merit for all small public companies but it must be pointed out that it was written with a bias because our company, Circle Group Holdings, has been under constant attack from a well-organized group of criminals for over a year and a half. Our management team and employees, who are all owners of the company’s stock, are tenacious, tough minded, fighters of injustice, with multi-faceted business experience and backgrounds in martial arts. Thanks to our intestinal fortitude learned from these backgrounds, we have survived the attacks, and fully expect to survive any additional attacks. From early 2004, until the present, Circle Group has successfully battled its attackers by getting several public web sites and chat boards to remove malicious phony content, getting a protective court order and winning motions on cutting edge Internet jurisdiction issues. We found out through this experience that one of our attackers is now a defendant in other securities matters and is currently being prosecuted by the SEC for another unrelated stock fraud. Tragically, many other small public companies have gone out of business. Still more will not survive the attacks or mount any serious defense against the perpetrators who work in hiding, often live and/or operate off shore, have completely phony identities and are cloaked by the anonymity of the Internet.
For additional perspective our company, Circle Group Holdings has a legitimate natural food technology solution for obesity called Z-Trim that was developed at the U.S. Department of Agriculture over many years with significant amount of taxpayer dollars. Many anonymous attacks have been made against the company and its personnel in particular saying that Z-Trim is a scam. Except for bashers, no one on the planet has even suggested that Z-Trim invented by one of the world’s most influential agricultural scientists, is a bad invention. Yet the bashers who attack the company, post numerous outrageous lies about Z-Trim. It is amazing that the number one health problem in the world today is obesity, and this outstanding technology could reverse the course of this devastating disease, yet here is this group of criminals posting lie after lie with their only goal to destroy the value of the company’s equity and shareholder value. Many innovations and inventions that could have benefited humankind will never get to market because of the companies that were destroyed by these criminals.
When just looking at approximately 5000 small and micro-cap companies that have an average issued and outstanding share total of 40 million shares, and multiplying that by an average $5 loss on share value, we estimate the losses to investors to be at least a trillion dollars annually. The number is probably a lot higher when you factor all the other companies attacked and then lost jobs, potential new economies of scale that never develop, lost capital markets formation, increased cost burdens on government and families to support those individuals wiped out, lost individual and corporate taxable revenue to the treasury, lost improvements to our lives from innovation that does not occur, and lost investor confidence in the emerging markets as well as erosion of the American Dream.
Therefore, the primary objective of this Position Paper is to provide valuable information and suggestions that if heeded, and if existing laws are enforced, will help countless companies and their shareholders avoid suffering this fate in the future. Without help, many companies will not survive, and many more will have their shareholders’ value severely damaged. The criminals who perpetrate the attacks being discussed here are bold, well organized economic terrorists who commit securities fraud daily, without punishment, and who benefit immensely from the technological advances of the Internet and the economics of regulatory authorities who are challenged to justify the cost of pursuing these crimes. After a miserable half decade in the capital markets, if the economy is to ever improve in a noticeable way, this problem must be fixed. While serving large corporations to better prevent rampant fraud exposed in recent times, Sarbanes has not served small business in any way to restore investor confidence in the market as evidenced by the lack of capital market investment and investors continued knee jerk reactions to nearly every piece of daily news. The good news is that the legal system in place, if utilized as suggested herein, already provides the ability to remove most of the current network of criminals from the capital markets and restore investor confidence, thereby stimulating many other areas of our economy.
The Growing Problem
Unscrupulous speculators have found ways to short stocks and then manipulate companies stock prices lower by continuously attacking the companies on Internet financial chat boards, websites, and through other highly illegal and unethical means. Agents for competitors or shareholders of competing companies’ stocks may also make these attacks for obvious reasons. The bloggers and bashers spend their days, nights, and weekends, viciously attacking the companies they short with continuous false disparaging chat board posts about the companies, their management, employees, products and investors. Some of these shorting syndicates and other bashing groups are well organized, but all have one goal in mind, posting defamatory negative false or distorted information in an effort to severely damage a company’s reputation and stock price. Some bashers also utilize so-called “watchdog” websites to attack companies, but only after alerting their subscribers that they are going to issue a negative report about a targeted company. This gives their subscribers the opportunity to get a solid short position before the attack begins, thus creating additional short or negative pressure on a stock. These activities constitute securities fraud.
One listed company sells a homeopathic medication to reduce the duration of the common cold. The company was attacked by a group that called for a class action suit for users of the product who suffered a loss of smell from using the product. A website posted this information encouraging people to contact them to discuss potential legal actions against the company. A Dow Jones newswire article reported on these so-called consumer complaints about the product and their loss of smell. The company has given assurances that it adheres to FDA guidelines and restrictions and was unaware of an FDA inquiry into the safety of their product. As a result of the group that attacked them and the news articles that followed, the company’s stock price began to drop, and kept dropping until their market cap was cut to less than half. The number of people who signed up to be a part of the class action suit against the company turned out to be only two, a husband and wife. They both claimed to have some loss of smell from using the product, but only after the website and news article came out. The stock recovered some of its huge drop once people realized that the claims made against the company weren’t what they first appeared to be. Unfortunately, the stock price has only gone up to a portion of what it lost, and the shareholders who lost in excess of several hundred million dollars are the ones who suffered as a result of this.
How They Operate
The criminals are short-selling bashers, and illegal stock manipulators, who repeatedly post outrageous known lies or distorted half-truths with a dogged determination and single-minded purpose – use any means possible to drive the stock price down.
In the small and micro cap market, most increases in value to a stock occur when more people buy more shares. Any such occurrence will automatically result in relentless postings that the company is a pump and dump scheme. The bashers will post as many as a dozen posts at a time under multiple aliases in order to dominate a chat board. On some message boards that give you the option, they continuously post under multiple aliases with a strong sell sentiment, even if they may only post about the weather or some other nonsense post, so that a person visiting that chat board would see an overwhelming majority of the posts and posters with a strong sell sentiment. They disparage the company’s products, employees, management, business plans, and anything else about the company so they can create serious doubt about the company in the minds of investors and potential investors. They post their opinions but make them appear to be facts. They make very slanted interpretations of anything the company does as if they were giving an expert analysis, with their conclusions always being the most negative they can be. When the company issues a positive press release, they state that the press release is all hype, released only to increase the stock price. If an insider makes a sale or exercises an option, they post false claims that management is dumping the stock because it is getting ready to drop. They ask questions about the company and its products such as: “What studies have they done to prove that their products are safe?” and “What’s to say that their products don’t cause cancer?” and “Don’t you think that the SEC should look into the way this company does business?” All comments made are negative or are cleverly and carefully worded posts intended to damage the company, by either giving people the idea that the company’s products are unsafe or cause cancer, that the company’s management is incompetent or dishonest, or to make people think that the company is doing something illegal and needs to be investigated by the SEC.
Honest investors, who happen upon the board, will often get buyers remorse from seeing an overwhelming negative sentiment and immediately “panic sell” the stock, which creates additional downward pressure and serves the criminal campaign well. Occasionally, an investor will attempt to say something positive about the company, but the resulting attacks on them will be vicious, thereby hurting their confidence in their investment decision and causing them to promptly abandon the board and usually the stock altogether. They simply do not realize that the bashers are on the board 24 by 7 because that is their job. That is how they earn their living.
There is No Limit to Their Efforts
There is no limit to what the bashers will do to try and drive down a stock price. They constantly make statements about how bad a victim company is managed or how incompetent it’s CEO is and call for shareholders to ask that the CEO be replaced. Another common practice is to make harassing phone calls to a company’s customers and suppliers and flood them with negative questions and comments about the company, its products and its management in order to damage the business relationships that it has with these companies. This practice has and will continue to destroy many new, existing, and developing business relationships. Bashers make posts about forming shareholder class action lawsuits against management and directors and intimate that the SEC should be investigating the company for fraud and lots of other securities violations. They encourage investors to contact the SEC about all of the supposed improprieties of what they refer to as the “pump and dump scheme” company.
Bashers will also send messages to the SEC, and other government agencies that might affect a companies’ business, with accusations of wrong doing by the company, and its officers and other employees. As a result, a company might get an inquiry from a well-meaning employee of the Better Business Bureau, FDA, NASD, the exchange the company trades on, or various others. Even though the company is able to answer such an inquiry, for a small company this is time consuming, costly, and diverts valuable limited resources away from the company’s actual business all to the gleeful delight and self serving interest of the criminals while assisting greatly in the success of the illegal manipulation.
Bashers post predictions of a much lower stock price in the near future to convince existing stockholders to sell so they don’t lose all of their investment. They make statements on a regular basis about the company being de-listed or going bankrupt, and they attack any shareholders that try to post anything positive about the company in an effort to defend it against the bashers. One website targeted companies by posting press releases about their victims, and misrepresenting them to look like they were produced by the SEC. That same website posted information that made it look like every company it reported on had their trading suspended or was being investigated by the SEC. The owner of the website is being prosecuted for securities fraud on another matter. As a result of those postings, each company’s stock price dropped dramatically. Why do the bashers do this? They do it to scare as many potential investors as possible away from purchasing the stock, and as many existing shareholders as they can into selling the stock in order to drive the stock price down. Again, as you can start to see, it all has a premeditated and cumulative negative effect.
Companies Are Slow To React
Companies that are attacked in this manner will often times ignore it at first, as just some disgruntled former employees. Depending on how aggressive and coordinated the bashers are, a targeted stock can drop quickly. The companies must then take notice and deal with the problem. They will get calls on a daily basis from shareholders that want to know about all the negative things that have been posted about them, and why the stock price is dropping. They want to know if the SEC is really investigating the company, or if there are class action suits pending against them or if their products are safe or not. The companies will then have to be in the business of following the various chat boards to see what is being said about them so that they can respond to their shareholders and potential investors that call them. This is not only an added expense in time and money for the company, but it also distracts them from the task of building their company and running the day-to-day operations of their business.
Companies that try to defend themselves through legal means will face still higher costs and an even greater waste of resources that make this activity difficult and expensive. Regardless, nearly every activity the bashers undertake is illegal, not policed, and designed to be totally self-serving and cumulative – and it almost always works. But when it doesn’t work enough to destroy most if not all the value, more bashers will be employed to expand the fraud by making the population of unhappy investors look even larger.
As the stock depreciates, the funding that most bootstrapping entrepreneurs need to grow their emerging businesses dries up, even though the extreme costs of being a public enterprise do not decrease. This leads to the loss of jobs, GNP, additional erosion of investor faith and the decline of economies of scale.
The Deck Is Stacked Against Small Business
The bashers claim to be protected by freedom of speech under the First Amendment. The problem with their argument is that what they are doing is illegal and fraudulent stock manipulation at the criminal level, defamation and tortuous interference with business relationships at the civil level. Chat board providers claim immunity from prosecution in anything relating to what is posted on their chat boards. In the late 1990’s, in an effort to allow free flow of content in the Internet, the Communications Decency Act, was enacted to protect Yahoo, AOL and other web portals from liability whenever posters put up content that was illegal, immoral or otherwise objectionable. So for example, if our children chatted with a masquerading Internet predator or saw pornography on an AOL website, then AOL would not have any responsibility.
The Act is now a shield of immunity for internet service providers and message and chat board companies that shy away from the moral responsibility due solely to the costs and resources they claim are needed to remove illegal, fraudulent, defamatory or otherwise destructive content. They have abuse departments who can only be contacted by email, and that only very selectively take any action against posters for violating their terms of service policy. Basically what it has turned into is an environment where anyone can post anything they want about a company no matter how far from the truth that is, and the company has very little, if any recourse against the anonymous person. Yet such a post can cause severe damage to the company and its future.
Anonymous and Untraceable
Bashers can work alone or with other bashers to attack a company, and post their attacks using multiple aliases to hold a conversation that appears to be among more than one poster, in order to give visitors to the chat boards the impression that there are many people sending these doomsday messages, and giving the attacks the appearance of credibility. The bashers use multiple aliases, anonymous email accounts, roving IP addresses and public access points, as well as other methods to avoid being traceable. Here are some of the comments that were made on one of the basher websites.
“Don't even bother trying to ID the account. It was created at the New York Public Library, Fifth Avenue location, and is only accessed through proxy servers.”
“Who are we? Your worst nightmare! “
”Imagine an anonymous team of professional researchers and writers with a network of mainstream contacts and all the investigative tools the Internet has to offer digging into your scam. Imagine a flash mob featuring you popping up overnight at twenty anonymous sites and sent to major news services via a news feed.”
”Here we are. And with anonymous proxy servers and public hard-wired and wireless Internet access points, there isn't a damn thing you can do about it. By the time you intimidate one of our free host sites to kill a report; it has been copied and mirrored ten times.”
There are also websites set up that offer to drive a company’s stock price down for a fee -
NEW FROM FAKE - THE "DEATH STAR" FAKE's Bulgarian programmers have finally perfected the ultimate weapon of stock mass destruction. Basing their model on former Blinder and Robinson Broker Wendy Gordan of South Florida, FAKE has produced the last word in piss poor pump bots. With an unprecedented record of thirty total price collapses and massive reverse splits, put this MOAB of pump bots to work for you today! Wondrwen can drive a price to zero bid in three months or less, guaranteed by FAKE.
FAKE's business philosophy is simple: We are in it for the money. Period. We don't care who gets hurt, what companies get destroyed, or what innovative or lifesaving products never see the light of day!! We are here to get ours, and yours. FAKE the rest of them!! That is the attitude customers appreciate from a professional paid basher organization.
Why Have Financial Message Boards?
Message boards such as Yahoo, Raging Bull, and Silicon Investor give investors the opportunity to share their views and comments as they may relate to specific stocks or general investing. But they also allow disgruntled former employees, competitors, stock manipulators and others to post their negative messages. In many cases these negative posters have "shorted" a stock and want to do all that they can to see the stock price move downward. Negative posters usually don’t work alone. They team up with other “bashers” and gang attack a company.
The ISPs, and message and chat board companies have the best of both worlds. They are essentially immune from prosecution for any content that is posted on the websites or servers that they control, but they reap the benefits from all of the ad and other revenue that is generated by the banner and pop-up ads and services that appear or are offered on their websites and message and chat boards. This lack of accountability is a conflict of interest and needs to be remedied. The conflict of interest is very apparent when abuse complaints that are made by individuals and will they actually do anything to remove the abuse, even though they have this as an option as spelled out in their companies for posts that violate a provider’s Terms of Service Policy pass with no action to remedy the abuse. They send auto-reply emails which tell you to use their profanity filters, or to put the posters on an ignore list, but very rarely Terms of Service policies.
A Call For Help
Some will say that people don’t pay attention to chat boards, but they do. Ask some shareholders if they ever go to financial chat boards. You will be surprised by the number of people that do. The plan of the basher is to create havoc and cause sincere investors to lose confidence in the targeted companies. One poster we identified has made over 70,000 posts attacking various companies and hurting shareholder value. These bashers know that nothing will happen to them for doing this, and they feel that they are protected by the anonymity of the Internet, Freedom of Speech, SLAPP legislation and Internet jurisdictional issues, so they continue their relentless illegal attempts at manipulating stock prices of small businesses across America. Posting negative information about a company on public message boards isn’t illegal. However, intentional misinformation is actionable by governmental authorities, whenever it affects the trading price of a security. When contacted about this problem, the FBI said that they understand and are well aware of this problem. They explained that they have successfully prosecuted such cases but at too high of a cost and without recouping of significant monies afterward to warrant future action. Actually, their main focus currently is identity theft, which admittedly is a huge problem.
These bloggers and bashers for the financial gain of criminals and the support of economic terrorists are intentionally damaging shareholder value. This activity is illegal and needs to be stopped immediately to restore the smaller capital markets. This will in turn lead to the eventual and positive restoration of the overall capital markets and then finally the overall economy.
With this Position Paper we respectfully request that the SEC, in conjunction with all other state and federal law enforcement agencies, utilize the laws that already exist and are available to make the pursuit of these criminals a top and immediate priority. Companies with chat boards and phony web sites need to be forced to remove false content and turn over all records related to those individuals. We ask that the SEC expose, prosecute and convict these cyber criminals; it is the correct legal and moral activity to undertake at this time. Publish their real names on lists similar to what is now done with convicted child molesters so that service providers can guard against such criminals in the future. Making examples of the current batch of stock fraud cyber criminals, and then keeping the boards clean in the future, will have a profound positive effect on the capital markets and ultimately the economy. Although there are many phony web sites, there are truly only three influential chat boards where the problems are proliferated as described above. Yahoo alone receives, and profits immensely from over one hundred million investor hits per day, so putting pressure on them will cause its management to be influenced into becoming responsible for the crimes committed without hiding behind the CDA. Investor confidence needs to be restored, and this is one problem that has to be addressed and remedied in order for that to happen. Small public companies need the SEC’s help in this matter immediately to put these criminals out of business. Contrary to administrative sentiment, it would take very few resources to fix this problem. The criminals engaged in this activity are certainly cowards, as they do everything they can to retain their anonymity. For the reasons mentioned herein, it will require only a small amount of low budget intervention and prosecution by Federal authorities to insure that criminals are not so brazen and eager to attack small public companies in this manner in the future. Only then can the goal of efficient small company capital formation be achieved.
http://www.advancedsmallbusiness.org/positionpaper.htm
OT This is what is going on
This one paragragh says it all
But small public companies and their shareholders are facing a severe problem, and they are looking to the Securities & Exchange Commission, the Justice Department, and the F.B.I. to help them get urgently needed relief. The problem is that short selling is being intentionally combined with fraudulent stock manipulation to destroy the value that small American businesses in the capital markets work so hard to achieve. The points contained in this position paper have tremendous merit for all small public companies but it must be pointed out that it was written with a bias because our company, Circle Group Holdings, has been under constant attack from a well-organized group of criminals for over a year and a half. Our management team and employees, who are all owners of the company’s stock, are tenacious, tough minded, fighters of injustice, with multi-faceted business experience and backgrounds in martial arts. Thanks to our intestinal fortitude learned from these backgrounds, we have survived the attacks, and fully expect to survive any additional attacks. From early 2004, until the present, Circle Group has successfully battled its attackers by getting several public web sites and chat boards to remove malicious phony content, getting a protective court order and winning motions on cutting edge Internet jurisdiction issues. We found out through this experience that one of our attackers is now a defendant in other securities matters and is currently being prosecuted by the SEC for another unrelated stock fraud. Tragically, many other small public companies have gone out of business. Still more will not survive the attacks or mount any serious defense against the perpetrators who work in hiding, often live and/or operate off shore, have completely phony identities and are cloaked by the anonymity of the Internet.
Read this. Economic terrorists should be shot IMO...
Advanced Small Business Alliance (ABSA) Position Paper
SHORT SELLING COMBINED WITH FRAUDULENT STOCK MANIPULATION
Submitted by Gregory J. Halpern – CEO, Circle Group Holdings, Inc.
Mr. Halpern is the Director of the Midwest Regional Chapter for the CEO Council
August 12, 2005
Small Business Hurdles
The millions of small business professionals that own and operate small companies in this country produce a majority of America's private gross domestic product, most of the taxable revenue to the treasury, and most of the new jobs every year. Between 1990 and 1995 they created 76 percent of America's new jobs. In 1998 alone, this sector created 31 million new jobs in nearly 900,000 new companies. And this trend is expected to continue. A crucial component of our domestic economic engine is the ability to create funding through access to the capital markets. Everyone who owns or runs a publicly traded small business knows the hurdles that they must overcome in order to make their business successful, including obtaining funding, completing all of the regulatory filings, competing for market share, and compliance with Sarbanes-Oxley with the outrageous cost burden it imposes, to name a few. Small public companies, and many others with the goal to get to the capital markets accept all of this, plus long hours, late nights, and weekends as what it takes to grow their business, improve the world with their products and services, and create wealth for themselves, their employees, their shareholders and the economy.
But small public companies and their shareholders are facing a severe problem, and they are looking to the Securities & Exchange Commission, the Justice Department, and the F.B.I. to help them get urgently needed relief. The problem is that short selling is being intentionally combined with fraudulent stock manipulation to destroy the value that small American businesses in the capital markets work so hard to achieve. The points contained in this position paper have tremendous merit for all small public companies but it must be pointed out that it was written with a bias because our company, Circle Group Holdings, has been under constant attack from a well-organized group of criminals for over a year and a half. Our management team and employees, who are all owners of the company’s stock, are tenacious, tough minded, fighters of injustice, with multi-faceted business experience and backgrounds in martial arts. Thanks to our intestinal fortitude learned from these backgrounds, we have survived the attacks, and fully expect to survive any additional attacks. From early 2004, until the present, Circle Group has successfully battled its attackers by getting several public web sites and chat boards to remove malicious phony content, getting a protective court order and winning motions on cutting edge Internet jurisdiction issues. We found out through this experience that one of our attackers is now a defendant in other securities matters and is currently being prosecuted by the SEC for another unrelated stock fraud. Tragically, many other small public companies have gone out of business. Still more will not survive the attacks or mount any serious defense against the perpetrators who work in hiding, often live and/or operate off shore, have completely phony identities and are cloaked by the anonymity of the Internet.
For additional perspective our company, Circle Group Holdings has a legitimate natural food technology solution for obesity called Z-Trim that was developed at the U.S. Department of Agriculture over many years with significant amount of taxpayer dollars. Many anonymous attacks have been made against the company and its personnel in particular saying that Z-Trim is a scam. Except for bashers, no one on the planet has even suggested that Z-Trim invented by one of the world’s most influential agricultural scientists, is a bad invention. Yet the bashers who attack the company, post numerous outrageous lies about Z-Trim. It is amazing that the number one health problem in the world today is obesity, and this outstanding technology could reverse the course of this devastating disease, yet here is this group of criminals posting lie after lie with their only goal to destroy the value of the company’s equity and shareholder value. Many innovations and inventions that could have benefited humankind will never get to market because of the companies that were destroyed by these criminals.
When just looking at approximately 5000 small and micro-cap companies that have an average issued and outstanding share total of 40 million shares, and multiplying that by an average $5 loss on share value, we estimate the losses to investors to be at least a trillion dollars annually. The number is probably a lot higher when you factor all the other companies attacked and then lost jobs, potential new economies of scale that never develop, lost capital markets formation, increased cost burdens on government and families to support those individuals wiped out, lost individual and corporate taxable revenue to the treasury, lost improvements to our lives from innovation that does not occur, and lost investor confidence in the emerging markets as well as erosion of the American Dream.
Therefore, the primary objective of this Position Paper is to provide valuable information and suggestions that if heeded, and if existing laws are enforced, will help countless companies and their shareholders avoid suffering this fate in the future. Without help, many companies will not survive, and many more will have their shareholders’ value severely damaged. The criminals who perpetrate the attacks being discussed here are bold, well organized economic terrorists who commit securities fraud daily, without punishment, and who benefit immensely from the technological advances of the Internet and the economics of regulatory authorities who are challenged to justify the cost of pursuing these crimes. After a miserable half decade in the capital markets, if the economy is to ever improve in a noticeable way, this problem must be fixed. While serving large corporations to better prevent rampant fraud exposed in recent times, Sarbanes has not served small business in any way to restore investor confidence in the market as evidenced by the lack of capital market investment and investors continued knee jerk reactions to nearly every piece of daily news. The good news is that the legal system in place, if utilized as suggested herein, already provides the ability to remove most of the current network of criminals from the capital markets and restore investor confidence, thereby stimulating many other areas of our economy.
The Growing Problem
Unscrupulous speculators have found ways to short stocks and then manipulate companies stock prices lower by continuously attacking the companies on Internet financial chat boards, websites, and through other highly illegal and unethical means. Agents for competitors or shareholders of competing companies’ stocks may also make these attacks for obvious reasons. The bloggers and bashers spend their days, nights, and weekends, viciously attacking the companies they short with continuous false disparaging chat board posts about the companies, their management, employees, products and investors. Some of these shorting syndicates and other bashing groups are well organized, but all have one goal in mind, posting defamatory negative false or distorted information in an effort to severely damage a company’s reputation and stock price. Some bashers also utilize so-called “watchdog” websites to attack companies, but only after alerting their subscribers that they are going to issue a negative report about a targeted company. This gives their subscribers the opportunity to get a solid short position before the attack begins, thus creating additional short or negative pressure on a stock. These activities constitute securities fraud.
One listed company sells a homeopathic medication to reduce the duration of the common cold. The company was attacked by a group that called for a class action suit for users of the product who suffered a loss of smell from using the product. A website posted this information encouraging people to contact them to discuss potential legal actions against the company. A Dow Jones newswire article reported on these so-called consumer complaints about the product and their loss of smell. The company has given assurances that it adheres to FDA guidelines and restrictions and was unaware of an FDA inquiry into the safety of their product. As a result of the group that attacked them and the news articles that followed, the company’s stock price began to drop, and kept dropping until their market cap was cut to less than half. The number of people who signed up to be a part of the class action suit against the company turned out to be only two, a husband and wife. They both claimed to have some loss of smell from using the product, but only after the website and news article came out. The stock recovered some of its huge drop once people realized that the claims made against the company weren’t what they first appeared to be. Unfortunately, the stock price has only gone up to a portion of what it lost, and the shareholders who lost in excess of several hundred million dollars are the ones who suffered as a result of this.
How They Operate
The criminals are short-selling bashers, and illegal stock manipulators, who repeatedly post outrageous known lies or distorted half-truths with a dogged determination and single-minded purpose – use any means possible to drive the stock price down.
In the small and micro cap market, most increases in value to a stock occur when more people buy more shares. Any such occurrence will automatically result in relentless postings that the company is a pump and dump scheme. The bashers will post as many as a dozen posts at a time under multiple aliases in order to dominate a chat board. On some message boards that give you the option, they continuously post under multiple aliases with a strong sell sentiment, even if they may only post about the weather or some other nonsense post, so that a person visiting that chat board would see an overwhelming majority of the posts and posters with a strong sell sentiment. They disparage the company’s products, employees, management, business plans, and anything else about the company so they can create serious doubt about the company in the minds of investors and potential investors. They post their opinions but make them appear to be facts. They make very slanted interpretations of anything the company does as if they were giving an expert analysis, with their conclusions always being the most negative they can be. When the company issues a positive press release, they state that the press release is all hype, released only to increase the stock price. If an insider makes a sale or exercises an option, they post false claims that management is dumping the stock because it is getting ready to drop. They ask questions about the company and its products such as: “What studies have they done to prove that their products are safe?” and “What’s to say that their products don’t cause cancer?” and “Don’t you think that the SEC should look into the way this company does business?” All comments made are negative or are cleverly and carefully worded posts intended to damage the company, by either giving people the idea that the company’s products are unsafe or cause cancer, that the company’s management is incompetent or dishonest, or to make people think that the company is doing something illegal and needs to be investigated by the SEC.
Honest investors, who happen upon the board, will often get buyers remorse from seeing an overwhelming negative sentiment and immediately “panic sell” the stock, which creates additional downward pressure and serves the criminal campaign well. Occasionally, an investor will attempt to say something positive about the company, but the resulting attacks on them will be vicious, thereby hurting their confidence in their investment decision and causing them to promptly abandon the board and usually the stock altogether. They simply do not realize that the bashers are on the board 24 by 7 because that is their job. That is how they earn their living.
There is No Limit to Their Efforts
There is no limit to what the bashers will do to try and drive down a stock price. They constantly make statements about how bad a victim company is managed or how incompetent it’s CEO is and call for shareholders to ask that the CEO be replaced. Another common practice is to make harassing phone calls to a company’s customers and suppliers and flood them with negative questions and comments about the company, its products and its management in order to damage the business relationships that it has with these companies. This practice has and will continue to destroy many new, existing, and developing business relationships. Bashers make posts about forming shareholder class action lawsuits against management and directors and intimate that the SEC should be investigating the company for fraud and lots of other securities violations. They encourage investors to contact the SEC about all of the supposed improprieties of what they refer to as the “pump and dump scheme” company.
Bashers will also send messages to the SEC, and other government agencies that might affect a companies’ business, with accusations of wrong doing by the company, and its officers and other employees. As a result, a company might get an inquiry from a well-meaning employee of the Better Business Bureau, FDA, NASD, the exchange the company trades on, or various others. Even though the company is able to answer such an inquiry, for a small company this is time consuming, costly, and diverts valuable limited resources away from the company’s actual business all to the gleeful delight and self serving interest of the criminals while assisting greatly in the success of the illegal manipulation.
Bashers post predictions of a much lower stock price in the near future to convince existing stockholders to sell so they don’t lose all of their investment. They make statements on a regular basis about the company being de-listed or going bankrupt, and they attack any shareholders that try to post anything positive about the company in an effort to defend it against the bashers. One website targeted companies by posting press releases about their victims, and misrepresenting them to look like they were produced by the SEC. That same website posted information that made it look like every company it reported on had their trading suspended or was being investigated by the SEC. The owner of the website is being prosecuted for securities fraud on another matter. As a result of those postings, each company’s stock price dropped dramatically. Why do the bashers do this? They do it to scare as many potential investors as possible away from purchasing the stock, and as many existing shareholders as they can into selling the stock in order to drive the stock price down. Again, as you can start to see, it all has a premeditated and cumulative negative effect.
Companies Are Slow To React
Companies that are attacked in this manner will often times ignore it at first, as just some disgruntled former employees. Depending on how aggressive and coordinated the bashers are, a targeted stock can drop quickly. The companies must then take notice and deal with the problem. They will get calls on a daily basis from shareholders that want to know about all the negative things that have been posted about them, and why the stock price is dropping. They want to know if the SEC is really investigating the company, or if there are class action suits pending against them or if their products are safe or not. The companies will then have to be in the business of following the various chat boards to see what is being said about them so that they can respond to their shareholders and potential investors that call them. This is not only an added expense in time and money for the company, but it also distracts them from the task of building their company and running the day-to-day operations of their business.
Companies that try to defend themselves through legal means will face still higher costs and an even greater waste of resources that make this activity difficult and expensive. Regardless, nearly every activity the bashers undertake is illegal, not policed, and designed to be totally self-serving and cumulative – and it almost always works. But when it doesn’t work enough to destroy most if not all the value, more bashers will be employed to expand the fraud by making the population of unhappy investors look even larger.
As the stock depreciates, the funding that most bootstrapping entrepreneurs need to grow their emerging businesses dries up, even though the extreme costs of being a public enterprise do not decrease. This leads to the loss of jobs, GNP, additional erosion of investor faith and the decline of economies of scale.
The Deck Is Stacked Against Small Business
The bashers claim to be protected by freedom of speech under the First Amendment. The problem with their argument is that what they are doing is illegal and fraudulent stock manipulation at the criminal level, defamation and tortuous interference with business relationships at the civil level. Chat board providers claim immunity from prosecution in anything relating to what is posted on their chat boards. In the late 1990’s, in an effort to allow free flow of content in the Internet, the Communications Decency Act, was enacted to protect Yahoo, AOL and other web portals from liability whenever posters put up content that was illegal, immoral or otherwise objectionable. So for example, if our children chatted with a masquerading Internet predator or saw pornography on an AOL website, then AOL would not have any responsibility.
The Act is now a shield of immunity for internet service providers and message and chat board companies that shy away from the moral responsibility due solely to the costs and resources they claim are needed to remove illegal, fraudulent, defamatory or otherwise destructive content. They have abuse departments who can only be contacted by email, and that only very selectively take any action against posters for violating their terms of service policy. Basically what it has turned into is an environment where anyone can post anything they want about a company no matter how far from the truth that is, and the company has very little, if any recourse against the anonymous person. Yet such a post can cause severe damage to the company and its future.
Anonymous and Untraceable
Bashers can work alone or with other bashers to attack a company, and post their attacks using multiple aliases to hold a conversation that appears to be among more than one poster, in order to give visitors to the chat boards the impression that there are many people sending these doomsday messages, and giving the attacks the appearance of credibility. The bashers use multiple aliases, anonymous email accounts, roving IP addresses and public access points, as well as other methods to avoid being traceable. Here are some of the comments that were made on one of the basher websites.
“Don't even bother trying to ID the account. It was created at the New York Public Library, Fifth Avenue location, and is only accessed through proxy servers.”
“Who are we? Your worst nightmare! “
”Imagine an anonymous team of professional researchers and writers with a network of mainstream contacts and all the investigative tools the Internet has to offer digging into your scam. Imagine a flash mob featuring you popping up overnight at twenty anonymous sites and sent to major news services via a news feed.”
”Here we are. And with anonymous proxy servers and public hard-wired and wireless Internet access points, there isn't a damn thing you can do about it. By the time you intimidate one of our free host sites to kill a report; it has been copied and mirrored ten times.”
There are also websites set up that offer to drive a company’s stock price down for a fee -
NEW FROM FAKE - THE "DEATH STAR" FAKE's Bulgarian programmers have finally perfected the ultimate weapon of stock mass destruction. Basing their model on former Blinder and Robinson Broker Wendy Gordan of South Florida, FAKE has produced the last word in piss poor pump bots. With an unprecedented record of thirty total price collapses and massive reverse splits, put this MOAB of pump bots to work for you today! Wondrwen can drive a price to zero bid in three months or less, guaranteed by FAKE.
FAKE's business philosophy is simple: We are in it for the money. Period. We don't care who gets hurt, what companies get destroyed, or what innovative or lifesaving products never see the light of day!! We are here to get ours, and yours. FAKE the rest of them!! That is the attitude customers appreciate from a professional paid basher organization.
Why Have Financial Message Boards?
Message boards such as Yahoo, Raging Bull, and Silicon Investor give investors the opportunity to share their views and comments as they may relate to specific stocks or general investing. But they also allow disgruntled former employees, competitors, stock manipulators and others to post their negative messages. In many cases these negative posters have "shorted" a stock and want to do all that they can to see the stock price move downward. Negative posters usually don’t work alone. They team up with other “bashers” and gang attack a company.
The ISPs, and message and chat board companies have the best of both worlds. They are essentially immune from prosecution for any content that is posted on the websites or servers that they control, but they reap the benefits from all of the ad and other revenue that is generated by the banner and pop-up ads and services that appear or are offered on their websites and message and chat boards. This lack of accountability is a conflict of interest and needs to be remedied. The conflict of interest is very apparent when abuse complaints that are made by individuals and will they actually do anything to remove the abuse, even though they have this as an option as spelled out in their companies for posts that violate a provider’s Terms of Service Policy pass with no action to remedy the abuse. They send auto-reply emails which tell you to use their profanity filters, or to put the posters on an ignore list, but very rarely Terms of Service policies.
A Call For Help
Some will say that people don’t pay attention to chat boards, but they do. Ask some shareholders if they ever go to financial chat boards. You will be surprised by the number of people that do. The plan of the basher is to create havoc and cause sincere investors to lose confidence in the targeted companies. One poster we identified has made over 70,000 posts attacking various companies and hurting shareholder value. These bashers know that nothing will happen to them for doing this, and they feel that they are protected by the anonymity of the Internet, Freedom of Speech, SLAPP legislation and Internet jurisdictional issues, so they continue their relentless illegal attempts at manipulating stock prices of small businesses across America. Posting negative information about a company on public message boards isn’t illegal. However, intentional misinformation is actionable by governmental authorities, whenever it affects the trading price of a security. When contacted about this problem, the FBI said that they understand and are well aware of this problem. They explained that they have successfully prosecuted such cases but at too high of a cost and without recouping of significant monies afterward to warrant future action. Actually, their main focus currently is identity theft, which admittedly is a huge problem.
These bloggers and bashers for the financial gain of criminals and the support of economic terrorists are intentionally damaging shareholder value. This activity is illegal and needs to be stopped immediately to restore the smaller capital markets. This will in turn lead to the eventual and positive restoration of the overall capital markets and then finally the overall economy.
With this Position Paper we respectfully request that the SEC, in conjunction with all other state and federal law enforcement agencies, utilize the laws that already exist and are available to make the pursuit of these criminals a top and immediate priority. Companies with chat boards and phony web sites need to be forced to remove false content and turn over all records related to those individuals. We ask that the SEC expose, prosecute and convict these cyber criminals; it is the correct legal and moral activity to undertake at this time. Publish their real names on lists similar to what is now done with convicted child molesters so that service providers can guard against such criminals in the future. Making examples of the current batch of stock fraud cyber criminals, and then keeping the boards clean in the future, will have a profound positive effect on the capital markets and ultimately the economy. Although there are many phony web sites, there are truly only three influential chat boards where the problems are proliferated as described above. Yahoo alone receives, and profits immensely from over one hundred million investor hits per day, so putting pressure on them will cause its management to be influenced into becoming responsible for the crimes committed without hiding behind the CDA. Investor confidence needs to be restored, and this is one problem that has to be addressed and remedied in order for that to happen. Small public companies need the SEC’s help in this matter immediately to put these criminals out of business. Contrary to administrative sentiment, it would take very few resources to fix this problem. The criminals engaged in this activity are certainly cowards, as they do everything they can to retain their anonymity. For the reasons mentioned herein, it will require only a small amount of low budget intervention and prosecution by Federal authorities to insure that criminals are not so brazen and eager to attack small public companies in this manner in the future. Only then can the goal of efficient small company capital formation be achieved.
http://www.advancedsmallbusiness.org/positionpaper.htm
OT This is what is going on
This one paragragh says it all
But small public companies and their shareholders are facing a severe problem, and they are looking to the Securities & Exchange Commission, the Justice Department, and the F.B.I. to help them get urgently needed relief. The problem is that short selling is being intentionally combined with fraudulent stock manipulation to destroy the value that small American businesses in the capital markets work so hard to achieve. The points contained in this position paper have tremendous merit for all small public companies but it must be pointed out that it was written with a bias because our company, Circle Group Holdings, has been under constant attack from a well-organized group of criminals for over a year and a half. Our management team and employees, who are all owners of the company’s stock, are tenacious, tough minded, fighters of injustice, with multi-faceted business experience and backgrounds in martial arts. Thanks to our intestinal fortitude learned from these backgrounds, we have survived the attacks, and fully expect to survive any additional attacks. From early 2004, until the present, Circle Group has successfully battled its attackers by getting several public web sites and chat boards to remove malicious phony content, getting a protective court order and winning motions on cutting edge Internet jurisdiction issues. We found out through this experience that one of our attackers is now a defendant in other securities matters and is currently being prosecuted by the SEC for another unrelated stock fraud. Tragically, many other small public companies have gone out of business. Still more will not survive the attacks or mount any serious defense against the perpetrators who work in hiding, often live and/or operate off shore, have completely phony identities and are cloaked by the anonymity of the Internet.
Read this. Economic terrorists should be shot IMO...
Advanced Small Business Alliance (ABSA) Position Paper
SHORT SELLING COMBINED WITH FRAUDULENT STOCK MANIPULATION
Submitted by Gregory J. Halpern – CEO, Circle Group Holdings, Inc.
Mr. Halpern is the Director of the Midwest Regional Chapter for the CEO Council
August 12, 2005
Small Business Hurdles
The millions of small business professionals that own and operate small companies in this country produce a majority of America's private gross domestic product, most of the taxable revenue to the treasury, and most of the new jobs every year. Between 1990 and 1995 they created 76 percent of America's new jobs. In 1998 alone, this sector created 31 million new jobs in nearly 900,000 new companies. And this trend is expected to continue. A crucial component of our domestic economic engine is the ability to create funding through access to the capital markets. Everyone who owns or runs a publicly traded small business knows the hurdles that they must overcome in order to make their business successful, including obtaining funding, completing all of the regulatory filings, competing for market share, and compliance with Sarbanes-Oxley with the outrageous cost burden it imposes, to name a few. Small public companies, and many others with the goal to get to the capital markets accept all of this, plus long hours, late nights, and weekends as what it takes to grow their business, improve the world with their products and services, and create wealth for themselves, their employees, their shareholders and the economy.
But small public companies and their shareholders are facing a severe problem, and they are looking to the Securities & Exchange Commission, the Justice Department, and the F.B.I. to help them get urgently needed relief. The problem is that short selling is being intentionally combined with fraudulent stock manipulation to destroy the value that small American businesses in the capital markets work so hard to achieve. The points contained in this position paper have tremendous merit for all small public companies but it must be pointed out that it was written with a bias because our company, Circle Group Holdings, has been under constant attack from a well-organized group of criminals for over a year and a half. Our management team and employees, who are all owners of the company’s stock, are tenacious, tough minded, fighters of injustice, with multi-faceted business experience and backgrounds in martial arts. Thanks to our intestinal fortitude learned from these backgrounds, we have survived the attacks, and fully expect to survive any additional attacks. From early 2004, until the present, Circle Group has successfully battled its attackers by getting several public web sites and chat boards to remove malicious phony content, getting a protective court order and winning motions on cutting edge Internet jurisdiction issues. We found out through this experience that one of our attackers is now a defendant in other securities matters and is currently being prosecuted by the SEC for another unrelated stock fraud. Tragically, many other small public companies have gone out of business. Still more will not survive the attacks or mount any serious defense against the perpetrators who work in hiding, often live and/or operate off shore, have completely phony identities and are cloaked by the anonymity of the Internet.
For additional perspective our company, Circle Group Holdings has a legitimate natural food technology solution for obesity called Z-Trim that was developed at the U.S. Department of Agriculture over many years with significant amount of taxpayer dollars. Many anonymous attacks have been made against the company and its personnel in particular saying that Z-Trim is a scam. Except for bashers, no one on the planet has even suggested that Z-Trim invented by one of the world’s most influential agricultural scientists, is a bad invention. Yet the bashers who attack the company, post numerous outrageous lies about Z-Trim. It is amazing that the number one health problem in the world today is obesity, and this outstanding technology could reverse the course of this devastating disease, yet here is this group of criminals posting lie after lie with their only goal to destroy the value of the company’s equity and shareholder value. Many innovations and inventions that could have benefited humankind will never get to market because of the companies that were destroyed by these criminals.
When just looking at approximately 5000 small and micro-cap companies that have an average issued and outstanding share total of 40 million shares, and multiplying that by an average $5 loss on share value, we estimate the losses to investors to be at least a trillion dollars annually. The number is probably a lot higher when you factor all the other companies attacked and then lost jobs, potential new economies of scale that never develop, lost capital markets formation, increased cost burdens on government and families to support those individuals wiped out, lost individual and corporate taxable revenue to the treasury, lost improvements to our lives from innovation that does not occur, and lost investor confidence in the emerging markets as well as erosion of the American Dream.
Therefore, the primary objective of this Position Paper is to provide valuable information and suggestions that if heeded, and if existing laws are enforced, will help countless companies and their shareholders avoid suffering this fate in the future. Without help, many companies will not survive, and many more will have their shareholders’ value severely damaged. The criminals who perpetrate the attacks being discussed here are bold, well organized economic terrorists who commit securities fraud daily, without punishment, and who benefit immensely from the technological advances of the Internet and the economics of regulatory authorities who are challenged to justify the cost of pursuing these crimes. After a miserable half decade in the capital markets, if the economy is to ever improve in a noticeable way, this problem must be fixed. While serving large corporations to better prevent rampant fraud exposed in recent times, Sarbanes has not served small business in any way to restore investor confidence in the market as evidenced by the lack of capital market investment and investors continued knee jerk reactions to nearly every piece of daily news. The good news is that the legal system in place, if utilized as suggested herein, already provides the ability to remove most of the current network of criminals from the capital markets and restore investor confidence, thereby stimulating many other areas of our economy.
The Growing Problem
Unscrupulous speculators have found ways to short stocks and then manipulate companies stock prices lower by continuously attacking the companies on Internet financial chat boards, websites, and through other highly illegal and unethical means. Agents for competitors or shareholders of competing companies’ stocks may also make these attacks for obvious reasons. The bloggers and bashers spend their days, nights, and weekends, viciously attacking the companies they short with continuous false disparaging chat board posts about the companies, their management, employees, products and investors. Some of these shorting syndicates and other bashing groups are well organized, but all have one goal in mind, posting defamatory negative false or distorted information in an effort to severely damage a company’s reputation and stock price. Some bashers also utilize so-called “watchdog” websites to attack companies, but only after alerting their subscribers that they are going to issue a negative report about a targeted company. This gives their subscribers the opportunity to get a solid short position before the attack begins, thus creating additional short or negative pressure on a stock. These activities constitute securities fraud.
One listed company sells a homeopathic medication to reduce the duration of the common cold. The company was attacked by a group that called for a class action suit for users of the product who suffered a loss of smell from using the product. A website posted this information encouraging people to contact them to discuss potential legal actions against the company. A Dow Jones newswire article reported on these so-called consumer complaints about the product and their loss of smell. The company has given assurances that it adheres to FDA guidelines and restrictions and was unaware of an FDA inquiry into the safety of their product. As a result of the group that attacked them and the news articles that followed, the company’s stock price began to drop, and kept dropping until their market cap was cut to less than half. The number of people who signed up to be a part of the class action suit against the company turned out to be only two, a husband and wife. They both claimed to have some loss of smell from using the product, but only after the website and news article came out. The stock recovered some of its huge drop once people realized that the claims made against the company weren’t what they first appeared to be. Unfortunately, the stock price has only gone up to a portion of what it lost, and the shareholders who lost in excess of several hundred million dollars are the ones who suffered as a result of this.
How They Operate
The criminals are short-selling bashers, and illegal stock manipulators, who repeatedly post outrageous known lies or distorted half-truths with a dogged determination and single-minded purpose – use any means possible to drive the stock price down.
In the small and micro cap market, most increases in value to a stock occur when more people buy more shares. Any such occurrence will automatically result in relentless postings that the company is a pump and dump scheme. The bashers will post as many as a dozen posts at a time under multiple aliases in order to dominate a chat board. On some message boards that give you the option, they continuously post under multiple aliases with a strong sell sentiment, even if they may only post about the weather or some other nonsense post, so that a person visiting that chat board would see an overwhelming majority of the posts and posters with a strong sell sentiment. They disparage the company’s products, employees, management, business plans, and anything else about the company so they can create serious doubt about the company in the minds of investors and potential investors. They post their opinions but make them appear to be facts. They make very slanted interpretations of anything the company does as if they were giving an expert analysis, with their conclusions always being the most negative they can be. When the company issues a positive press release, they state that the press release is all hype, released only to increase the stock price. If an insider makes a sale or exercises an option, they post false claims that management is dumping the stock because it is getting ready to drop. They ask questions about the company and its products such as: “What studies have they done to prove that their products are safe?” and “What’s to say that their products don’t cause cancer?” and “Don’t you think that the SEC should look into the way this company does business?” All comments made are negative or are cleverly and carefully worded posts intended to damage the company, by either giving people the idea that the company’s products are unsafe or cause cancer, that the company’s management is incompetent or dishonest, or to make people think that the company is doing something illegal and needs to be investigated by the SEC.
Honest investors, who happen upon the board, will often get buyers remorse from seeing an overwhelming negative sentiment and immediately “panic sell” the stock, which creates additional downward pressure and serves the criminal campaign well. Occasionally, an investor will attempt to say something positive about the company, but the resulting attacks on them will be vicious, thereby hurting their confidence in their investment decision and causing them to promptly abandon the board and usually the stock altogether. They simply do not realize that the bashers are on the board 24 by 7 because that is their job. That is how they earn their living.
There is No Limit to Their Efforts
There is no limit to what the bashers will do to try and drive down a stock price. They constantly make statements about how bad a victim company is managed or how incompetent it’s CEO is and call for shareholders to ask that the CEO be replaced. Another common practice is to make harassing phone calls to a company’s customers and suppliers and flood them with negative questions and comments about the company, its products and its management in order to damage the business relationships that it has with these companies. This practice has and will continue to destroy many new, existing, and developing business relationships. Bashers make posts about forming shareholder class action lawsuits against management and directors and intimate that the SEC should be investigating the company for fraud and lots of other securities violations. They encourage investors to contact the SEC about all of the supposed improprieties of what they refer to as the “pump and dump scheme” company.
Bashers will also send messages to the SEC, and other government agencies that might affect a companies’ business, with accusations of wrong doing by the company, and its officers and other employees. As a result, a company might get an inquiry from a well-meaning employee of the Better Business Bureau, FDA, NASD, the exchange the company trades on, or various others. Even though the company is able to answer such an inquiry, for a small company this is time consuming, costly, and diverts valuable limited resources away from the company’s actual business all to the gleeful delight and self serving interest of the criminals while assisting greatly in the success of the illegal manipulation.
Bashers post predictions of a much lower stock price in the near future to convince existing stockholders to sell so they don’t lose all of their investment. They make statements on a regular basis about the company being de-listed or going bankrupt, and they attack any shareholders that try to post anything positive about the company in an effort to defend it against the bashers. One website targeted companies by posting press releases about their victims, and misrepresenting them to look like they were produced by the SEC. That same website posted information that made it look like every company it reported on had their trading suspended or was being investigated by the SEC. The owner of the website is being prosecuted for securities fraud on another matter. As a result of those postings, each company’s stock price dropped dramatically. Why do the bashers do this? They do it to scare as many potential investors as possible away from purchasing the stock, and as many existing shareholders as they can into selling the stock in order to drive the stock price down. Again, as you can start to see, it all has a premeditated and cumulative negative effect.
Companies Are Slow To React
Companies that are attacked in this manner will often times ignore it at first, as just some disgruntled former employees. Depending on how aggressive and coordinated the bashers are, a targeted stock can drop quickly. The companies must then take notice and deal with the problem. They will get calls on a daily basis from shareholders that want to know about all the negative things that have been posted about them, and why the stock price is dropping. They want to know if the SEC is really investigating the company, or if there are class action suits pending against them or if their products are safe or not. The companies will then have to be in the business of following the various chat boards to see what is being said about them so that they can respond to their shareholders and potential investors that call them. This is not only an added expense in time and money for the company, but it also distracts them from the task of building their company and running the day-to-day operations of their business.
Companies that try to defend themselves through legal means will face still higher costs and an even greater waste of resources that make this activity difficult and expensive. Regardless, nearly every activity the bashers undertake is illegal, not policed, and designed to be totally self-serving and cumulative – and it almost always works. But when it doesn’t work enough to destroy most if not all the value, more bashers will be employed to expand the fraud by making the population of unhappy investors look even larger.
As the stock depreciates, the funding that most bootstrapping entrepreneurs need to grow their emerging businesses dries up, even though the extreme costs of being a public enterprise do not decrease. This leads to the loss of jobs, GNP, additional erosion of investor faith and the decline of economies of scale.
The Deck Is Stacked Against Small Business
The bashers claim to be protected by freedom of speech under the First Amendment. The problem with their argument is that what they are doing is illegal and fraudulent stock manipulation at the criminal level, defamation and tortuous interference with business relationships at the civil level. Chat board providers claim immunity from prosecution in anything relating to what is posted on their chat boards. In the late 1990’s, in an effort to allow free flow of content in the Internet, the Communications Decency Act, was enacted to protect Yahoo, AOL and other web portals from liability whenever posters put up content that was illegal, immoral or otherwise objectionable. So for example, if our children chatted with a masquerading Internet predator or saw pornography on an AOL website, then AOL would not have any responsibility.
The Act is now a shield of immunity for internet service providers and message and chat board companies that shy away from the moral responsibility due solely to the costs and resources they claim are needed to remove illegal, fraudulent, defamatory or otherwise destructive content. They have abuse departments who can only be contacted by email, and that only very selectively take any action against posters for violating their terms of service policy. Basically what it has turned into is an environment where anyone can post anything they want about a company no matter how far from the truth that is, and the company has very little, if any recourse against the anonymous person. Yet such a post can cause severe damage to the company and its future.
Anonymous and Untraceable
Bashers can work alone or with other bashers to attack a company, and post their attacks using multiple aliases to hold a conversation that appears to be among more than one poster, in order to give visitors to the chat boards the impression that there are many people sending these doomsday messages, and giving the attacks the appearance of credibility. The bashers use multiple aliases, anonymous email accounts, roving IP addresses and public access points, as well as other methods to avoid being traceable. Here are some of the comments that were made on one of the basher websites.
“Don't even bother trying to ID the account. It was created at the New York Public Library, Fifth Avenue location, and is only accessed through proxy servers.”
“Who are we? Your worst nightmare! “
”Imagine an anonymous team of professional researchers and writers with a network of mainstream contacts and all the investigative tools the Internet has to offer digging into your scam. Imagine a flash mob featuring you popping up overnight at twenty anonymous sites and sent to major news services via a news feed.”
”Here we are. And with anonymous proxy servers and public hard-wired and wireless Internet access points, there isn't a damn thing you can do about it. By the time you intimidate one of our free host sites to kill a report; it has been copied and mirrored ten times.”
There are also websites set up that offer to drive a company’s stock price down for a fee -
NEW FROM FAKE - THE "DEATH STAR" FAKE's Bulgarian programmers have finally perfected the ultimate weapon of stock mass destruction. Basing their model on former Blinder and Robinson Broker Wendy Gordan of South Florida, FAKE has produced the last word in piss poor pump bots. With an unprecedented record of thirty total price collapses and massive reverse splits, put this MOAB of pump bots to work for you today! Wondrwen can drive a price to zero bid in three months or less, guaranteed by FAKE.
FAKE's business philosophy is simple: We are in it for the money. Period. We don't care who gets hurt, what companies get destroyed, or what innovative or lifesaving products never see the light of day!! We are here to get ours, and yours. FAKE the rest of them!! That is the attitude customers appreciate from a professional paid basher organization.
Why Have Financial Message Boards?
Message boards such as Yahoo, Raging Bull, and Silicon Investor give investors the opportunity to share their views and comments as they may relate to specific stocks or general investing. But they also allow disgruntled former employees, competitors, stock manipulators and others to post their negative messages. In many cases these negative posters have "shorted" a stock and want to do all that they can to see the stock price move downward. Negative posters usually don’t work alone. They team up with other “bashers” and gang attack a company.
The ISPs, and message and chat board companies have the best of both worlds. They are essentially immune from prosecution for any content that is posted on the websites or servers that they control, but they reap the benefits from all of the ad and other revenue that is generated by the banner and pop-up ads and services that appear or are offered on their websites and message and chat boards. This lack of accountability is a conflict of interest and needs to be remedied. The conflict of interest is very apparent when abuse complaints that are made by individuals and will they actually do anything to remove the abuse, even though they have this as an option as spelled out in their companies for posts that violate a provider’s Terms of Service Policy pass with no action to remedy the abuse. They send auto-reply emails which tell you to use their profanity filters, or to put the posters on an ignore list, but very rarely Terms of Service policies.
A Call For Help
Some will say that people don’t pay attention to chat boards, but they do. Ask some shareholders if they ever go to financial chat boards. You will be surprised by the number of people that do. The plan of the basher is to create havoc and cause sincere investors to lose confidence in the targeted companies. One poster we identified has made over 70,000 posts attacking various companies and hurting shareholder value. These bashers know that nothing will happen to them for doing this, and they feel that they are protected by the anonymity of the Internet, Freedom of Speech, SLAPP legislation and Internet jurisdictional issues, so they continue their relentless illegal attempts at manipulating stock prices of small businesses across America. Posting negative information about a company on public message boards isn’t illegal. However, intentional misinformation is actionable by governmental authorities, whenever it affects the trading price of a security. When contacted about this problem, the FBI said that they understand and are well aware of this problem. They explained that they have successfully prosecuted such cases but at too high of a cost and without recouping of significant monies afterward to warrant future action. Actually, their main focus currently is identity theft, which admittedly is a huge problem.
These bloggers and bashers for the financial gain of criminals and the support of economic terrorists are intentionally damaging shareholder value. This activity is illegal and needs to be stopped immediately to restore the smaller capital markets. This will in turn lead to the eventual and positive restoration of the overall capital markets and then finally the overall economy.
With this Position Paper we respectfully request that the SEC, in conjunction with all other state and federal law enforcement agencies, utilize the laws that already exist and are available to make the pursuit of these criminals a top and immediate priority. Companies with chat boards and phony web sites need to be forced to remove false content and turn over all records related to those individuals. We ask that the SEC expose, prosecute and convict these cyber criminals; it is the correct legal and moral activity to undertake at this time. Publish their real names on lists similar to what is now done with convicted child molesters so that service providers can guard against such criminals in the future. Making examples of the current batch of stock fraud cyber criminals, and then keeping the boards clean in the future, will have a profound positive effect on the capital markets and ultimately the economy. Although there are many phony web sites, there are truly only three influential chat boards where the problems are proliferated as described above. Yahoo alone receives, and profits immensely from over one hundred million investor hits per day, so putting pressure on them will cause its management to be influenced into becoming responsible for the crimes committed without hiding behind the CDA. Investor confidence needs to be restored, and this is one problem that has to be addressed and remedied in order for that to happen. Small public companies need the SEC’s help in this matter immediately to put these criminals out of business. Contrary to administrative sentiment, it would take very few resources to fix this problem. The criminals engaged in this activity are certainly cowards, as they do everything they can to retain their anonymity. For the reasons mentioned herein, it will require only a small amount of low budget intervention and prosecution by Federal authorities to insure that criminals are not so brazen and eager to attack small public companies in this manner in the future. Only then can the goal of efficient small company capital formation be achieved.
http://www.advancedsmallbusiness.org/positionpaper.htm
OT This is what is going on
This one paragragh says it all
But small public companies and their shareholders are facing a severe problem, and they are looking to the Securities & Exchange Commission, the Justice Department, and the F.B.I. to help them get urgently needed relief. The problem is that short selling is being intentionally combined with fraudulent stock manipulation to destroy the value that small American businesses in the capital markets work so hard to achieve. The points contained in this position paper have tremendous merit for all small public companies but it must be pointed out that it was written with a bias because our company, Circle Group Holdings, has been under constant attack from a well-organized group of criminals for over a year and a half. Our management team and employees, who are all owners of the company’s stock, are tenacious, tough minded, fighters of injustice, with multi-faceted business experience and backgrounds in martial arts. Thanks to our intestinal fortitude learned from these backgrounds, we have survived the attacks, and fully expect to survive any additional attacks. From early 2004, until the present, Circle Group has successfully battled its attackers by getting several public web sites and chat boards to remove malicious phony content, getting a protective court order and winning motions on cutting edge Internet jurisdiction issues. We found out through this experience that one of our attackers is now a defendant in other securities matters and is currently being prosecuted by the SEC for another unrelated stock fraud. Tragically, many other small public companies have gone out of business. Still more will not survive the attacks or mount any serious defense against the perpetrators who work in hiding, often live and/or operate off shore, have completely phony identities and are cloaked by the anonymity of the Internet.
Read this. Economic terrorists should be shot IMO...
Advanced Small Business Alliance (ABSA) Position Paper
SHORT SELLING COMBINED WITH FRAUDULENT STOCK MANIPULATION
Submitted by Gregory J. Halpern – CEO, Circle Group Holdings, Inc.
Mr. Halpern is the Director of the Midwest Regional Chapter for the CEO Council
August 12, 2005
Small Business Hurdles
The millions of small business professionals that own and operate small companies in this country produce a majority of America's private gross domestic product, most of the taxable revenue to the treasury, and most of the new jobs every year. Between 1990 and 1995 they created 76 percent of America's new jobs. In 1998 alone, this sector created 31 million new jobs in nearly 900,000 new companies. And this trend is expected to continue. A crucial component of our domestic economic engine is the ability to create funding through access to the capital markets. Everyone who owns or runs a publicly traded small business knows the hurdles that they must overcome in order to make their business successful, including obtaining funding, completing all of the regulatory filings, competing for market share, and compliance with Sarbanes-Oxley with the outrageous cost burden it imposes, to name a few. Small public companies, and many others with the goal to get to the capital markets accept all of this, plus long hours, late nights, and weekends as what it takes to grow their business, improve the world with their products and services, and create wealth for themselves, their employees, their shareholders and the economy.
But small public companies and their shareholders are facing a severe problem, and they are looking to the Securities & Exchange Commission, the Justice Department, and the F.B.I. to help them get urgently needed relief. The problem is that short selling is being intentionally combined with fraudulent stock manipulation to destroy the value that small American businesses in the capital markets work so hard to achieve. The points contained in this position paper have tremendous merit for all small public companies but it must be pointed out that it was written with a bias because our company, Circle Group Holdings, has been under constant attack from a well-organized group of criminals for over a year and a half. Our management team and employees, who are all owners of the company’s stock, are tenacious, tough minded, fighters of injustice, with multi-faceted business experience and backgrounds in martial arts. Thanks to our intestinal fortitude learned from these backgrounds, we have survived the attacks, and fully expect to survive any additional attacks. From early 2004, until the present, Circle Group has successfully battled its attackers by getting several public web sites and chat boards to remove malicious phony content, getting a protective court order and winning motions on cutting edge Internet jurisdiction issues. We found out through this experience that one of our attackers is now a defendant in other securities matters and is currently being prosecuted by the SEC for another unrelated stock fraud. Tragically, many other small public companies have gone out of business. Still more will not survive the attacks or mount any serious defense against the perpetrators who work in hiding, often live and/or operate off shore, have completely phony identities and are cloaked by the anonymity of the Internet.
For additional perspective our company, Circle Group Holdings has a legitimate natural food technology solution for obesity called Z-Trim that was developed at the U.S. Department of Agriculture over many years with significant amount of taxpayer dollars. Many anonymous attacks have been made against the company and its personnel in particular saying that Z-Trim is a scam. Except for bashers, no one on the planet has even suggested that Z-Trim invented by one of the world’s most influential agricultural scientists, is a bad invention. Yet the bashers who attack the company, post numerous outrageous lies about Z-Trim. It is amazing that the number one health problem in the world today is obesity, and this outstanding technology could reverse the course of this devastating disease, yet here is this group of criminals posting lie after lie with their only goal to destroy the value of the company’s equity and shareholder value. Many innovations and inventions that could have benefited humankind will never get to market because of the companies that were destroyed by these criminals.
When just looking at approximately 5000 small and micro-cap companies that have an average issued and outstanding share total of 40 million shares, and multiplying that by an average $5 loss on share value, we estimate the losses to investors to be at least a trillion dollars annually. The number is probably a lot higher when you factor all the other companies attacked and then lost jobs, potential new economies of scale that never develop, lost capital markets formation, increased cost burdens on government and families to support those individuals wiped out, lost individual and corporate taxable revenue to the treasury, lost improvements to our lives from innovation that does not occur, and lost investor confidence in the emerging markets as well as erosion of the American Dream.
Therefore, the primary objective of this Position Paper is to provide valuable information and suggestions that if heeded, and if existing laws are enforced, will help countless companies and their shareholders avoid suffering this fate in the future. Without help, many companies will not survive, and many more will have their shareholders’ value severely damaged. The criminals who perpetrate the attacks being discussed here are bold, well organized economic terrorists who commit securities fraud daily, without punishment, and who benefit immensely from the technological advances of the Internet and the economics of regulatory authorities who are challenged to justify the cost of pursuing these crimes. After a miserable half decade in the capital markets, if the economy is to ever improve in a noticeable way, this problem must be fixed. While serving large corporations to better prevent rampant fraud exposed in recent times, Sarbanes has not served small business in any way to restore investor confidence in the market as evidenced by the lack of capital market investment and investors continued knee jerk reactions to nearly every piece of daily news. The good news is that the legal system in place, if utilized as suggested herein, already provides the ability to remove most of the current network of criminals from the capital markets and restore investor confidence, thereby stimulating many other areas of our economy.
The Growing Problem
Unscrupulous speculators have found ways to short stocks and then manipulate companies stock prices lower by continuously attacking the companies on Internet financial chat boards, websites, and through other highly illegal and unethical means. Agents for competitors or shareholders of competing companies’ stocks may also make these attacks for obvious reasons. The bloggers and bashers spend their days, nights, and weekends, viciously attacking the companies they short with continuous false disparaging chat board posts about the companies, their management, employees, products and investors. Some of these shorting syndicates and other bashing groups are well organized, but all have one goal in mind, posting defamatory negative false or distorted information in an effort to severely damage a company’s reputation and stock price. Some bashers also utilize so-called “watchdog” websites to attack companies, but only after alerting their subscribers that they are going to issue a negative report about a targeted company. This gives their subscribers the opportunity to get a solid short position before the attack begins, thus creating additional short or negative pressure on a stock. These activities constitute securities fraud.
One listed company sells a homeopathic medication to reduce the duration of the common cold. The company was attacked by a group that called for a class action suit for users of the product who suffered a loss of smell from using the product. A website posted this information encouraging people to contact them to discuss potential legal actions against the company. A Dow Jones newswire article reported on these so-called consumer complaints about the product and their loss of smell. The company has given assurances that it adheres to FDA guidelines and restrictions and was unaware of an FDA inquiry into the safety of their product. As a result of the group that attacked them and the news articles that followed, the company’s stock price began to drop, and kept dropping until their market cap was cut to less than half. The number of people who signed up to be a part of the class action suit against the company turned out to be only two, a husband and wife. They both claimed to have some loss of smell from using the product, but only after the website and news article came out. The stock recovered some of its huge drop once people realized that the claims made against the company weren’t what they first appeared to be. Unfortunately, the stock price has only gone up to a portion of what it lost, and the shareholders who lost in excess of several hundred million dollars are the ones who suffered as a result of this.
How They Operate
The criminals are short-selling bashers, and illegal stock manipulators, who repeatedly post outrageous known lies or distorted half-truths with a dogged determination and single-minded purpose – use any means possible to drive the stock price down.
In the small and micro cap market, most increases in value to a stock occur when more people buy more shares. Any such occurrence will automatically result in relentless postings that the company is a pump and dump scheme. The bashers will post as many as a dozen posts at a time under multiple aliases in order to dominate a chat board. On some message boards that give you the option, they continuously post under multiple aliases with a strong sell sentiment, even if they may only post about the weather or some other nonsense post, so that a person visiting that chat board would see an overwhelming majority of the posts and posters with a strong sell sentiment. They disparage the company’s products, employees, management, business plans, and anything else about the company so they can create serious doubt about the company in the minds of investors and potential investors. They post their opinions but make them appear to be facts. They make very slanted interpretations of anything the company does as if they were giving an expert analysis, with their conclusions always being the most negative they can be. When the company issues a positive press release, they state that the press release is all hype, released only to increase the stock price. If an insider makes a sale or exercises an option, they post false claims that management is dumping the stock because it is getting ready to drop. They ask questions about the company and its products such as: “What studies have they done to prove that their products are safe?” and “What’s to say that their products don’t cause cancer?” and “Don’t you think that the SEC should look into the way this company does business?” All comments made are negative or are cleverly and carefully worded posts intended to damage the company, by either giving people the idea that the company’s products are unsafe or cause cancer, that the company’s management is incompetent or dishonest, or to make people think that the company is doing something illegal and needs to be investigated by the SEC.
Honest investors, who happen upon the board, will often get buyers remorse from seeing an overwhelming negative sentiment and immediately “panic sell” the stock, which creates additional downward pressure and serves the criminal campaign well. Occasionally, an investor will attempt to say something positive about the company, but the resulting attacks on them will be vicious, thereby hurting their confidence in their investment decision and causing them to promptly abandon the board and usually the stock altogether. They simply do not realize that the bashers are on the board 24 by 7 because that is their job. That is how they earn their living.
There is No Limit to Their Efforts
There is no limit to what the bashers will do to try and drive down a stock price. They constantly make statements about how bad a victim company is managed or how incompetent it’s CEO is and call for shareholders to ask that the CEO be replaced. Another common practice is to make harassing phone calls to a company’s customers and suppliers and flood them with negative questions and comments about the company, its products and its management in order to damage the business relationships that it has with these companies. This practice has and will continue to destroy many new, existing, and developing business relationships. Bashers make posts about forming shareholder class action lawsuits against management and directors and intimate that the SEC should be investigating the company for fraud and lots of other securities violations. They encourage investors to contact the SEC about all of the supposed improprieties of what they refer to as the “pump and dump scheme” company.
Bashers will also send messages to the SEC, and other government agencies that might affect a companies’ business, with accusations of wrong doing by the company, and its officers and other employees. As a result, a company might get an inquiry from a well-meaning employee of the Better Business Bureau, FDA, NASD, the exchange the company trades on, or various others. Even though the company is able to answer such an inquiry, for a small company this is time consuming, costly, and diverts valuable limited resources away from the company’s actual business all to the gleeful delight and self serving interest of the criminals while assisting greatly in the success of the illegal manipulation.
Bashers post predictions of a much lower stock price in the near future to convince existing stockholders to sell so they don’t lose all of their investment. They make statements on a regular basis about the company being de-listed or going bankrupt, and they attack any shareholders that try to post anything positive about the company in an effort to defend it against the bashers. One website targeted companies by posting press releases about their victims, and misrepresenting them to look like they were produced by the SEC. That same website posted information that made it look like every company it reported on had their trading suspended or was being investigated by the SEC. The owner of the website is being prosecuted for securities fraud on another matter. As a result of those postings, each company’s stock price dropped dramatically. Why do the bashers do this? They do it to scare as many potential investors as possible away from purchasing the stock, and as many existing shareholders as they can into selling the stock in order to drive the stock price down. Again, as you can start to see, it all has a premeditated and cumulative negative effect.
Companies Are Slow To React
Companies that are attacked in this manner will often times ignore it at first, as just some disgruntled former employees. Depending on how aggressive and coordinated the bashers are, a targeted stock can drop quickly. The companies must then take notice and deal with the problem. They will get calls on a daily basis from shareholders that want to know about all the negative things that have been posted about them, and why the stock price is dropping. They want to know if the SEC is really investigating the company, or if there are class action suits pending against them or if their products are safe or not. The companies will then have to be in the business of following the various chat boards to see what is being said about them so that they can respond to their shareholders and potential investors that call them. This is not only an added expense in time and money for the company, but it also distracts them from the task of building their company and running the day-to-day operations of their business.
Companies that try to defend themselves through legal means will face still higher costs and an even greater waste of resources that make this activity difficult and expensive. Regardless, nearly every activity the bashers undertake is illegal, not policed, and designed to be totally self-serving and cumulative – and it almost always works. But when it doesn’t work enough to destroy most if not all the value, more bashers will be employed to expand the fraud by making the population of unhappy investors look even larger.
As the stock depreciates, the funding that most bootstrapping entrepreneurs need to grow their emerging businesses dries up, even though the extreme costs of being a public enterprise do not decrease. This leads to the loss of jobs, GNP, additional erosion of investor faith and the decline of economies of scale.
The Deck Is Stacked Against Small Business
The bashers claim to be protected by freedom of speech under the First Amendment. The problem with their argument is that what they are doing is illegal and fraudulent stock manipulation at the criminal level, defamation and tortuous interference with business relationships at the civil level. Chat board providers claim immunity from prosecution in anything relating to what is posted on their chat boards. In the late 1990’s, in an effort to allow free flow of content in the Internet, the Communications Decency Act, was enacted to protect Yahoo, AOL and other web portals from liability whenever posters put up content that was illegal, immoral or otherwise objectionable. So for example, if our children chatted with a masquerading Internet predator or saw pornography on an AOL website, then AOL would not have any responsibility.
The Act is now a shield of immunity for internet service providers and message and chat board companies that shy away from the moral responsibility due solely to the costs and resources they claim are needed to remove illegal, fraudulent, defamatory or otherwise destructive content. They have abuse departments who can only be contacted by email, and that only very selectively take any action against posters for violating their terms of service policy. Basically what it has turned into is an environment where anyone can post anything they want about a company no matter how far from the truth that is, and the company has very little, if any recourse against the anonymous person. Yet such a post can cause severe damage to the company and its future.
Anonymous and Untraceable
Bashers can work alone or with other bashers to attack a company, and post their attacks using multiple aliases to hold a conversation that appears to be among more than one poster, in order to give visitors to the chat boards the impression that there are many people sending these doomsday messages, and giving the attacks the appearance of credibility. The bashers use multiple aliases, anonymous email accounts, roving IP addresses and public access points, as well as other methods to avoid being traceable. Here are some of the comments that were made on one of the basher websites.
“Don't even bother trying to ID the account. It was created at the New York Public Library, Fifth Avenue location, and is only accessed through proxy servers.”
“Who are we? Your worst nightmare! “
”Imagine an anonymous team of professional researchers and writers with a network of mainstream contacts and all the investigative tools the Internet has to offer digging into your scam. Imagine a flash mob featuring you popping up overnight at twenty anonymous sites and sent to major news services via a news feed.”
”Here we are. And with anonymous proxy servers and public hard-wired and wireless Internet access points, there isn't a damn thing you can do about it. By the time you intimidate one of our free host sites to kill a report; it has been copied and mirrored ten times.”
There are also websites set up that offer to drive a company’s stock price down for a fee -
NEW FROM FAKE - THE "DEATH STAR" FAKE's Bulgarian programmers have finally perfected the ultimate weapon of stock mass destruction. Basing their model on former Blinder and Robinson Broker Wendy Gordan of South Florida, FAKE has produced the last word in piss poor pump bots. With an unprecedented record of thirty total price collapses and massive reverse splits, put this MOAB of pump bots to work for you today! Wondrwen can drive a price to zero bid in three months or less, guaranteed by FAKE.
FAKE's business philosophy is simple: We are in it for the money. Period. We don't care who gets hurt, what companies get destroyed, or what innovative or lifesaving products never see the light of day!! We are here to get ours, and yours. FAKE the rest of them!! That is the attitude customers appreciate from a professional paid basher organization.
Why Have Financial Message Boards?
Message boards such as Yahoo, Raging Bull, and Silicon Investor give investors the opportunity to share their views and comments as they may relate to specific stocks or general investing. But they also allow disgruntled former employees, competitors, stock manipulators and others to post their negative messages. In many cases these negative posters have "shorted" a stock and want to do all that they can to see the stock price move downward. Negative posters usually don’t work alone. They team up with other “bashers” and gang attack a company.
The ISPs, and message and chat board companies have the best of both worlds. They are essentially immune from prosecution for any content that is posted on the websites or servers that they control, but they reap the benefits from all of the ad and other revenue that is generated by the banner and pop-up ads and services that appear or are offered on their websites and message and chat boards. This lack of accountability is a conflict of interest and needs to be remedied. The conflict of interest is very apparent when abuse complaints that are made by individuals and will they actually do anything to remove the abuse, even though they have this as an option as spelled out in their companies for posts that violate a provider’s Terms of Service Policy pass with no action to remedy the abuse. They send auto-reply emails which tell you to use their profanity filters, or to put the posters on an ignore list, but very rarely Terms of Service policies.
A Call For Help
Some will say that people don’t pay attention to chat boards, but they do. Ask some shareholders if they ever go to financial chat boards. You will be surprised by the number of people that do. The plan of the basher is to create havoc and cause sincere investors to lose confidence in the targeted companies. One poster we identified has made over 70,000 posts attacking various companies and hurting shareholder value. These bashers know that nothing will happen to them for doing this, and they feel that they are protected by the anonymity of the Internet, Freedom of Speech, SLAPP legislation and Internet jurisdictional issues, so they continue their relentless illegal attempts at manipulating stock prices of small businesses across America. Posting negative information about a company on public message boards isn’t illegal. However, intentional misinformation is actionable by governmental authorities, whenever it affects the trading price of a security. When contacted about this problem, the FBI said that they understand and are well aware of this problem. They explained that they have successfully prosecuted such cases but at too high of a cost and without recouping of significant monies afterward to warrant future action. Actually, their main focus currently is identity theft, which admittedly is a huge problem.
These bloggers and bashers for the financial gain of criminals and the support of economic terrorists are intentionally damaging shareholder value. This activity is illegal and needs to be stopped immediately to restore the smaller capital markets. This will in turn lead to the eventual and positive restoration of the overall capital markets and then finally the overall economy.
With this Position Paper we respectfully request that the SEC, in conjunction with all other state and federal law enforcement agencies, utilize the laws that already exist and are available to make the pursuit of these criminals a top and immediate priority. Companies with chat boards and phony web sites need to be forced to remove false content and turn over all records related to those individuals. We ask that the SEC expose, prosecute and convict these cyber criminals; it is the correct legal and moral activity to undertake at this time. Publish their real names on lists similar to what is now done with convicted child molesters so that service providers can guard against such criminals in the future. Making examples of the current batch of stock fraud cyber criminals, and then keeping the boards clean in the future, will have a profound positive effect on the capital markets and ultimately the economy. Although there are many phony web sites, there are truly only three influential chat boards where the problems are proliferated as described above. Yahoo alone receives, and profits immensely from over one hundred million investor hits per day, so putting pressure on them will cause its management to be influenced into becoming responsible for the crimes committed without hiding behind the CDA. Investor confidence needs to be restored, and this is one problem that has to be addressed and remedied in order for that to happen. Small public companies need the SEC’s help in this matter immediately to put these criminals out of business. Contrary to administrative sentiment, it would take very few resources to fix this problem. The criminals engaged in this activity are certainly cowards, as they do everything they can to retain their anonymity. For the reasons mentioned herein, it will require only a small amount of low budget intervention and prosecution by Federal authorities to insure that criminals are not so brazen and eager to attack small public companies in this manner in the future. Only then can the goal of efficient small company capital formation be achieved.
http://www.advancedsmallbusiness.org/positionpaper.htm
All everyone has to do is Read the Press Releases
And check their filings, there is no need to doubt this Company if you do your DD. There is no need to e-mail the Company just read the press releases. It is very simple. Let management do its job.
http://www.pinksheets.com/quote/filings.jsp?symbol=chnw
Repost for new investors in CHNW
Relax, be patient, accumulate, read all the past press releases, hold on. IMO this is a winner.
CHNW summary and my opinion
Today I formed an opinion about CHNW based on information from the Company in the form of Press Releases and other avenues along with DD from posters here on the CHNW board and from my own DD done on CHNW.
1 We all know the CEO Mr Winters thus far has done a great job and the company communicates and cares about it’s shareholders as stated in the CHNW Press Releases. Very important IMO.
2 The Company knows that the SP has been manipulated by MM’s and the company has taken steps to counteract the manipulation. It is now in the Transfer Agents hands for the Name and Cusip Number change. Will happen any day now.
3 Mr Chang will become part of CHNW. A big plus that will fit well with CHNW.
4 The Company Cash Burn Rate is low and the company financially is in a good posistion. Due to this the Company does not need any financing. This is Great IMO
5 The Company is about to launch it’s Forex system on April 2 2007. Everything is in place and final steps are being taken by management to start the Forex system on time. IMO it will happen.
6 I believe the Company has been in talks with different Banks about their business plan and I believe the Banks like what they see in the CHNW plan. Banks do not like to do business with Pink Sheet Companies so IMO CHNW has bigger plans..
7 IMO the Company is in talks with aquisistions and mergers candidates from a different exchange.
8 I can see a spin off happening in the near future, what it will be I do not know.
9 The Company wants to uplist to another exchange, I believe this is a priority for management and the process is on going to achieve the uplisting. IMO it is not far off.
10 The Company can do a Reverse Merger to achieve an uplisting. This IMO can happen. Will it who knows but CHNW is not IMO staying on the Pink Sheets.
11 IMO we will see very important press Releases in March and April that will IMO be very good for the Company and it’s shareholders.
Selling is a mistake IMO
With the sharestructure known, and with the Company updateing us anytime now. We could have a huge winner here. Hang on!
Posted by: ogclip
In reply to: None
Date:3/19/2007 1:19:59 AM
Post #of 18910
UPdated share Structure! T/A Ungagged!
Subject: Re: AGHD share structure
tdmn8r@yahoo.com
O/S= 395,141,000
Float=385,165,646
A/S=19,960,000,000
From the March 14th PR
All I can say is anyone thinking of selling at this time is making a mistake IMO. We have waited a long time to get to this point. I would like to see the next press release HMMMMMMMMMMMMM.
Caption from the Press release March 14, 2007
With the Company positioned to close on the aforementioned transactions, management believed it was imperative to restructure the capitalization table of the corporation.
To qualify for the particular registrations that would enable AGHC to raise the funds to complete these transactions, and to eradicate a 750,000,000-share short position, the Company reined in and cancelled 2.8 billion shares outstanding.
AGHC's goal is to attain a 51% interest in each of its acquisition targets. It intends to inform its shareholders incrementally, either on a weekly or bi-weekly basis, of the progress made as it builds its ownership position in each business, and plans to issue GAAP II audited financial statements.
The Company is looking forward to operating in an accountable and transparent manner moving forward, with AGHC's management and team members flowcharting the best ways to achieve transparency. The Company likewise plans to position itself, through acquisitions, growth and the maintenance of an orderly market for its securities, to become a reporting company and to eventually list its securities on an exchange.
About AuGRID Global Holdings Corporation
AuGRID Global Holdings Corporation is a holding company that seeks to increase its asset base and shareholder value through the acquisition of private companies in diverse industries that have proven revenue generation abilities, defensible business plans, and a product or service to which its target market has demonstrated receptiveness.
redshirt8 Yes I did but IMO
After holding for quite some time I think the CEO has something of a real game plan here. I like what I see here. If this works out it can run big. AGHD if you check their Web Site has a good connection with China. All good IMO.
Hold on IMO.
'makesumgravy call Scottrade for the trade
I use Scottrade and they as well as Ameritrade pull this bull. You will get the same rate as online trading. Tells me we may have a winner here in AGHD.
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ST has a no buy on this already. It has to be broker assisted. They waste no time. Schmucks!
analogdog Good Post
If this is the case we could have another PAVC situation here.
Appears like it may be NSS. The T-3 settlement Rule.
Rule 10b-21
Securities and Exchange Commission rule that prohibits covering a short position in a security with stock purchased out of a new offering of the security, if the short position was established between the filing of the registration statement and the beginning of the distribution of the offering.
I think they have to cover the 760 million first....... at least those between AGHC and AGHD. Some may have to cover from the AUGC to AGHC change. I'll keep digging.
dog
Well ogclip I am with you
Have been here as long as you have. Now I am hoping the CEO according to the March 14 2007 Press Release has a plan in place.
It seems the CEO has a plan. Don't forget China is a big part of AGHD and at last note finaceing was being done with a Chinesse Bank. http://www.eaugrid.com/news.html
Well it looks more promising than ever.IMO. Ameritrade is one of the worst brokerages in NSS I hope they got caught.
http://securities.stanford.edu/1029/AMTD03-01/index.html
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I've been in this stock since AUGUST of last year.. It was a POS up until 3 days ago after they did a 30 for 1 R/S..
They did nothing but dilute the crap out of this.. Every time it tried to run they dumped more shares into the float, but MJ (the CEO) continued to tell us he was trying to turn over a new leaf..
We didn't have news for well over 2 months then all the sudden they slapped a R/S on us, but MJ says he eliminated 2.8B shares from the already 6.3B o/s (last known number).. So currently we have 6.3B- 2.8B = 3.5B O/S divided by 30... SO my rough estimate of our current O/S is 116M shares..
It seems we are going to be updated with PR's on a weekly/bi-weekly basis according to the PR on Thursday..
Along with all this we had 750M share short 750/30 = 25M shares short... So along with possible good news, we also have a squeeze that will occur..
Hope this helps..
BTW we have a joint venture in the works in CHINA, and the US...
stockstoretire Hello read the PR released March 14
Glad to see you here. I am not sure what is going on with AGHD but it seems as Charlatan said it the CEO does things right this could get interesting.
I have been in AGHD for quite a while seems it could really take of if there is a short squeeze.
Hope things are well with you as well. I am still in PAVC and holding.
Posted by: herbalife13
In reply to: wu h who wrote msg# 17901
Date:3/15/2007 6:01:50 PM
Post #of 18587
Put these posts togeather, Looks like we may have something.
The CEO may be up to something good, sounds positive.
Posted by: stock888
In reply to: calitrader who wrote msg# 17930
Date:3/15/2007 3:29:50 PM
Post #of 18033
PR:
http://biz.yahoo.com/pz/070314/115498.html
AGHC's goal is to attain a 51% interest in each of its acquisition targets. It intends to inform its shareholders incrementally, either on a weekly or bi-weekly basis, of the progress made as it builds its ownership position in each business, and plans to issue GAAP II audited financial statements.
It mentioned that PR will be out on bi-weekly or weekly
!CIK: 0001101752
Outstanding Shares: 40,133 as of 2007-03-14
Estimated Market Cap: 28 as of 2007-03-14 (based on Outstanding Shares as of 2007-03-14)
???Outstanding Shares: 40,133 as of 2007-03-14
http://www.pinksheets.com/quote/company_profile.jsp?symbol=AGHD
Outstanding Shares: 40,133 as of 2007-03-14
Estimated Market Cap: 28 as of 2007-03-14 (based on Outstanding Shares as of 2007-03-14)
Authorized Shares: 9,940,000,000 as of 2006-09-26
Float: 6,204,973,209 as of 2006-09-26
Number of Shareholders of Record: 760 as of
'computerguy101 maybe AGHD is filing to
Move to a higher exhange
augrid
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Commission File Number
000-28661
AUGRID Global Holdings Corporation
(Exact name of registrant as specified in its charter)
7 North 6th Street, Vineland, NJ 08360
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Common Stock
(Title of each class of securities covered by this Form)
N/A
(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)
Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a)(1)(i)
ý
Rule 12h-3(b)(1)(i)
o
Rule 12g-4(a)(1)(ii)
o
Rule 12h-3(b)(1)(ii)
o
Rule 12g-4(a)(2)(i)
o
Rule 12h-3(b)(2)(i)
o
Rule 12g-4(a)(2)(ii)
o
Rule 12h-3(b)(2)(ii)
o
Rule 15d-6
o
Approximate number of holders of record as of the certification or notice date:
489
Pursuant to the requirements of the Securities Exchange Act of 1934, Augrid Corporation has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
Date:
January 31 , 2007
By:
/s/ M.J. SHAHEED
M.J. Shaheed
Chief Executive Officer
Augrid Corporation
Augrid Global Holdings Corporation
Look at ETIM, CHNW will be even better IMO
ETIM has taken a long time to get where it's SP is today. IMO we have a better chance to reach and past ETIM in SP.
Revenue for the next 25 years!
Some of the previously announced projects that Jack is in the process of bringing to fruition can bring some significant income royalty stream to the company for the next 25 years. This pay structure allows us to maintain a low burn rate, and allows the key executives to share in the future success of Esprit.'
Esprit Financial Group (CHNW.PK) Executive Jack Chang To Be Compensated in Part By Cash And In Part By Stock And Stock Options
LAS VEGAS, March 16 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low-cost online Introductory Broker (IB) Forex trading system, and the e-wallet product lines named EM2 (Electronic Money Management). This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Today, the company announced that Jack Chang, Esprit's Director of Operations for EM2, will be compensated in part by cash and in part by stock and stock options. CEO Garr Winters noted that: 'We remain very bullish on the prospects of the Company, particularly with respect to the new products being launched like our Forex trading service, and the EM2 services that will be managed by Jack exclusively. Some of the previously announced projects that Jack is in the process of bringing to fruition can bring some significant income royalty stream to the company for the next 25 years. This pay structure allows us to maintain a low burn rate, and allows the key executives to share in the future success of Esprit.'
Jack Chang is the 3rd executive to accept such a pay package, along with Garr Winters, the company's CEO, and Richard Sciacchetano, Esprit's Forex development manager.
About Esprit Financial Group Inc.
Esprit Financial Group Inc. (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group Inc.
Source: PR Newswire (March 16, 2007 - 6:00 AM EDT)
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